The proportion of supermarket customers who do not buy store-brand products is to be estimated. Suppose 500 customers are select
ed from the roughly 20,000 customers who shop at the stores citywide. The sample proportion of supermarket customers who do not buy store-brand products equals 33.5%. Which value(s) can be labeled as statistic(s)?
A statistic value is simply a numerical statistical estimate or value which is obtained from the sample data or value. Here the statistic is the statistical value which is obtained the sample of 500 customers selected from the about 20000 population value 500 itself is the sample size while 33.5% is the sample. Proportion of supermarket customers who do not buy store-brand products.
