Question

The Magnolia Swimming Pool Company wants to determine the average number of years it takes before a major repair is required on one of the pools that the company constructs. The president of the company asks Rick Johnson, a company accountant, to randomly contact fifty families that built Magnolia pools in the past ten years and determine how long it was in each case until a major repair. The information will then be used to estimate the average number of years until a major repair for all pools sold by Magnolia. The average based on the data gathered from the fifty families can best be described as a _______.

Answer 1

Answer:

The correct answer is Statistic.

Explanation:

Statistical data are the values obtained when carrying out a statistical study. It is the product of the observation of that phenomenon that is intended to analyze.

To be useful, statistical data must be organized and considered from a context. Taking the previous example, these data will be valuable if it is known to which tennis player they belong and in what period or period they were obtained by the athlete.

It is important to keep in mind that the processing of statistical data is what generates information. The data itself, considered as isolated, lacks interest.

Obtaining and processing statistical data are very important tasks for decision making in various fields. A government, for example, needs reliable statistical data to decide its economic policy.