QUESTION IMAGE
Question
- you want to rent an unfurnished one - bedroom apartment in boston next year. the mean monthly rent for a simple random sample of 32 apartments advertised in the local newspaper is $1,400. assume that the standard deviation is known to be $220. the standard deviation is a (1 point)
statistic
parameter
Step1: Define parameter and statistic
A parameter is a characteristic of a population, and a statistic is a characteristic of a sample.
Step2: Identify the given
The standard - deviation of $220$ is based on the population (since it is known for all one - bedroom unfurnished apartments in Boston), so it is a parameter.
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Parameter