Kerry invests $682 in a savings account that earns 5.4% compounded annually. Andy invests $682 in a savings account that earns 7
1 answer:
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Answer:
C. The given value is a statistic statistic for the year year because the data collected represent a sample sample.
Correct. The value reported is an statistic since represent a SAMPLE of the population of interest.
Step-by-step explanation:
The sample mean obtained was :
A. The given value is a parameter parameter for the year year because the data collected represent a population population.
False. The data colected represent a sample of the population of interest, so for this case is not a parameter because we don't have the information about all the population of interest.
B. The given value is a parameter parameter for the year year because the data collected represent a sample sample.
False. First the sample average is not a parameter, and second the population mean is not equal to the sample mean most of the times.
C. The given value is a statistic statistic for the year year because the data collected represent a sample sample.
Correct. The value reported is an statistic since represent a SAMPLE of the population of interest.
D. The given value is a statistic statistic for the year year because the data collected represent a population.
False. If is an statistic can't represent the population, since the parameter represent the population not the statistic.