Which of the Following Is Most Likely a Parameter as Opposed

question 82

Multiple Choice

Which of the following is most likely a parameter as opposed to a statistic?

• A)The average score of the first five students completing an assignment.
• B)The proportion of females registered to vote in a county.
• C)The average height of people randomly selected from a database.
• D)The proportion of trucks stopped yesterday that were cited for bad brakes.

---

Definitions:

Fixed Costs

Costs that do not vary with the level of output or sales, such as rent, salaries, and insurance premiums.

Break-Even Point

The sales level at which total revenues equal total costs, resulting in no profit but no loss.

Contribution Margin

The amount remaining from sales revenue after variable expenses have been deducted, showing how much contributes to fixed expenses and profits.

Sales Mix

Sales mix refers to the proportion of different products or services sold by a company, impacting its overall profitability and performance.