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Question
determine whether the value is a parameter or statistic. 20% of vehicles sold are compact cars. statistic parameter. question help: read
A parameter describes a characteristic of an entire population, while a statistic describes a characteristic of a sample. Here, if this 20% is based on all vehicles sold (the entire population of vehicles sold), it's a parameter. If it's based on a sample of the vehicles sold, it's a statistic. Since no information is given about whether it's the whole population or a sample, assume it's about the whole population of vehicles sold.
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Parameter