A Numerical Measure from a Population, Such as a Population

question 63

Multiple Choice

A numerical measure from a population, such as a population mean, is called _____.

• A) a statistic
• B) a parameter
• C) a sample
• D) the mean deviation

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Definitions:

Manufacturing Base

The sector of an economy that is involved in the production of goods in large quantities, utilizing labor and machines.

Trade Deficit

An economic measure where a country's importation of goods exceeds its exportation, reflecting a net outflow of domestic currency to foreign markets.

Merchandise Balance

The difference in value between a nation's imports and exports of tangible goods.

Services Balance

A measure of the difference between a nation's exports and imports of services, part of the broader current account balance.