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Question
the alumni association of milpitas high school reports that in a survey of a sample of 500 alumni 65% went on to earn a college degree. the alumni association would like to use this information to estimate the percentage of all alumni in the population who have earned a college degree. we know the number 65% describes a sample. the actual percentage of all alumni who have earned a college degree, which is currently unknown to us, would be considered to be a
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In statistics, a parameter is a characteristic of a population. Here, the percentage of all alumni who have earned a college - degree is a population characteristic and is unknown. A sample statistic (65% in this case) is used to estimate the population parameter.
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