Question
For the following exercises, identify: a. the population, b. the sample, c. the parameter, d. the statistic, e. the variable, and f. the data. Insurance
For the following exercises, identify:a.the population,b.the sample,c.the parameter,d.the statistic,e.the variable, andf.the data.
Insurance companies are interested in the mean health costs each year of their clients, so that they can determine the costs of health insurance.
Match The Terms On The Right With The Correct Letter Choice
a.) the mean health costs of the sample -The Population
b.) the mean health costs of the clients -The Sample
c.) values for X, such as 34, 9, 82, and so on -The Parameter
d.) the clients of the insurance companies -The Statistic
e) .X = the health costs of one client -The Variable
f.) a group of the clients -The Data
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