Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Describe the difference between a statistic and a parameter. Which statement below describes thedifference? A.- A parameter is computed from information gathered using a statistical

Describe the difference between a statistic and a parameter.

Which statement below describes thedifference?

A.-A parameter is computed from information gathered using a statistical sampling technique. A statistic uses information gathered using a nonstatistical sampling technique.

B.-A parameter is a descriptive numerical measure computed from an entire population. A statistic is the corresponding measure for a sample.

C.-A statistic is computed from information gathered using a statistical sampling technique. A parameter uses information gathered using a nonstatistical sampling technique.

D.-A statistic is a descriptive numerical measure computed from an entire population. A parameter is the corresponding measure for a sample.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Making Hard Decisions with decision tools

Authors: Robert Clemen, Terence Reilly

3rd edition

538797576, 978-0538797573

More Books

Students also viewed these Mathematics questions