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According to the 2011 Canadian census, the median income of households in Canada is $72,240 . In a random sample of 500 Canadian households, the
According to the 2011 Canadian census, the median income of households in Canada is$72,240. In a random sample of 500 Canadian households, the median income was calculated to be$68,179. It is known that19%of households in Canada are found in rural areas,whereas110of the households in the sample (22%) were from rural areas.
Determine whether the values inboldare parameters or statistics?
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