Following a dramatic drop of 500 points in the Dow Jones Industrial Average in September 1998, a poll conducted for the Associat
ed Press found that 92% of those polled said that a year from now their family financial situation will be as good as it is today or better. which of the following terms describes the number 92%? a. statistic. b. sample. c. sample parameter. d. population parameter. e. population.
Population : It is a set of all possible observations that can be made regarding a study by the researcher.
Sample : It is finite subset of population that represents the population in the researcher's analysis.
Population parameter : It is a value that is calculated from the entire population such as population mean , population proportion etc.
Statistics : It is a value that is calculated from the sample taken out from population.
Since ,The group of people who took poll are representing the sample.
Therefore, 92% of those polled said that a year from now their family financial situation will be as good as it is today or better that means 92% describes a statistics.
