Question

Determine whether the underlined number is a statistic or a parameter. In a study of all 1963 employees at a college, it is found 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.

Answer 1

Answer:

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 describes the whole population while a statistic is a characteristic of a sample (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 characteristics of the whole population under study. It is therefore a parameter.

The correct option is 1.