A survey of 481 of your customers shows that 79% of them like the recent changes...
A survey of 481 of your customers shows that 79% of them like
the recent changes to the product. Is this percentage a parameter
or a statistic and why?
| Statistic as it represents the population |
| Parameter as it represents the population |
| Parameter as it represents the sample |
| Statistic as it represents the sample |
Homework Answers
A survey of 481 customers necessarily mean a sample out of the total number of customers . It showed that 79% of the 481 customers liked the recent changes. This percentage is a representation of the sample values and hence is a statistic.
Answer: Statistic as it represents the sample.
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A survey of 481 of your customers shows that 79% of them like
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