Determine whether the given value is a statistic or parameter.A sample of 100 employees of a company is selected, and the average age is found to be 38 years.
Question
Solution 1
The given value is a statistic. Here's why:
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A parameter is a value that describes a characteristic of an entire population. In this case, the population would be all employees of the company.
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A statistic, on the other hand, is a value that describes a characteristic of a sample from the popu Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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