Answer:
Step-by-step explanation:
A Parameter is a value that represents a property of a population. This could be the population mean.
A statistic is a value that represents a property of a sample. This could be the sample mean.
In the given scenario, the population is the entire 14 teams. This means that the percentage given is a value representing a property of the population. Therefore, the correct answer is
C. Parameter, because the data set of all 14 teams is a population.
Answer: The goal was $500
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Work Shown:
x% = x/100
175% = 175/100 = 1.75
Let g be the goal, which is the amount of money the club wanted to raise
175% of goal = 175% of g = 1.75g
The expression 1.75g represents how much money was actually raised, which was $875. Set the two expressions equal to each other. Solve for g
1.75g = 875
g = 875/1.75 ....... divide both sides by 1.75
g = 500
The club's goal was to raise $500
Note how 75% of $500 is 0.75*500 = 375
When they raised 175% of the goal, this means they went 75% overboard and added on 375 additional dollars (on top of the 500 they wanted). So they got to 500+375 = 875 which lines up with the instructions. This helps verify the answer.
Or we can see that 1.75*g = 1.75*500 = 875 which helps confirm the answer as well.
