Determine whether the underlined number is a statistic or a parameter. In a study of all 1963 employees at a college, it is foun
d that "40%" own a computer. Choose the correct statement below. 1. Parameter because the value is a numerical measurement describing a characteristic of a population
2. Statistic because the value is a numerical measurement describing a characteristic of a population
3. Statistic because the value is a numerical measurement describing a characteristic of a sample.
4. Parameter because the value is a numerical measurement describing a characteristic of a sample.
1. Parameter because the value is a numerical measurement describing a characteristic of a population
Step-by-step explanation:
A parameter is a fixed measure which <u>describes the whole population</u> while a statistic is a <u>characteristic of a sample</u> (which is a portion of the target population).
In a study of all 1963 employees at a college, it is found that "40%" own a computer.
The study involved the entire population of employees in the college, therefore the result describes the computer owning <u>characteristics of the whole population under study</u>. It is therefore a parameter.
