Question

determine if the numerical value describes a parameter or a statistic. a recent poll of 1605 corporate executives showed that the average price of their cars is $34,600. answer
options:

• population parameter
• sample statistic

Explanation:

A parameter describes an entire population, while a statistic describes a sample. The 1605 corporate executives are a sample from the larger population of all corporate executives, so the average car price calculated from this group is a statistic.

Answer:

Sample Statistic