Mathematics, 01.12.2019 23:31 miracle9704
In a study of homeowners, 500 were randomly chosen. it was found that 23% of the people did not have a mortgage and owned their homes outright. determine whether 23% is a statistic or a parameter.
a.
it is a parameter because the value describes a characteristic of a population.
b.
it is a statistic because the value describes a characteristic of a sample.
c.
it is a parameter because the value describes a characteristic of a sample.
d.
it is a statistic because the value describes a characteristic of a population.
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