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determine whether the underlined number is a statistic or a parameter. a sample of seniors is selected and it is found that 50% own a vehicle. choose the correct statement below. parameter because the value is a numerical measurement describing a characteristic of a sample parameter because the value is a numerical measurement describing a characteristic of a population statistic because the value is a numerical measurement describing a characteristic of a population statistic because the value is a numerical measurement describing a characteristic of a sample
A parameter describes a characteristic of a population, while a statistic describes a characteristic of a sample. Here, 50% is based on a sample of seniors, not the entire population of seniors.
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Statistic because the value is a numerical measurement describing a characteristic of a sample.