Question

I would like some help with these questions please be clear and explain your answer. It will be so helpful if you answer both questions. Thank you for your help.

QUESTION 3 Identify the parameter and the statistic: An economist tested the claim that less than 15% of adults in the US have a great deal of confidence in banks and other financial institutions. Out of 1325 randomly chosen US adults, 11.1% said they have a great deal of confidence in banks and other financial institutions. Parameter: Statistic: QUESTION 4 Identify if the following sample measures are STATISTICS. - Sample mean A. Statistic - Sample median B. Not a statistic - Sample mode - Sample variance - Sample standard deviation - Sample range

Answer 1

From the given information above,

We know statistics described a sample and Parameter described entire population.

3)

PARAMETER: 15% OF THE ADULTS IN US HAVE A GREAT DEAL WITH BANKS AND OTHER FINANCIAL INSTITUTION

STATISTICS: 11.1% OF THE SAMPLE ADULTS IN US HAVE GREAT DEAL WITH BANKS AND OTHER FINANCIAL INSTITUTION.

4)

SAMPLE MEAN : STATISTICS

SAMPLE MEDIAN:NON STATISTICS

SAMPLE MODE:NON STATISTICS

SAMPLE VARIANCE : STATISTICS

SAMPLE STANDARD DEVIATION: STATISTICS

SAMPLE RANGE: STATISTICS