A ________ Is a Summary Description of a Fixed Characteristic

question 73

Multiple Choice

A ________ is a summary description of a fixed characteristic or measure of the target population.It denotes the true value that would be obtained if a census rather than a sample was undertaken.

• A)statistic
• B)precision level
• C)finite population correction
• D)parameter

---

Definitions:

Compounded Monthly

A method where interest earnings are calculated and added to the principal amount each month, allowing the interest to then earn interest in subsequent months.

Compounded Semi-annually

A method of calculating interest where the earned interest is added to the principal balance twice a year, affecting the total interest earned over time.

Semi-annual Withdrawals

Withdrawals from an account or investment that occur twice a year.

Compounded Annually

Interest calculation method where interest is added to the principal sum once a year, leading to growth that includes "interest on interest."