Data That Describe a Characteristic About a Population Is Known

question 36

Multiple Choice

Data that describe a characteristic about a population is known as a------- .

• A)statistic
• B)survey
• C)sample
• D)parameter

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Definitions:

Exchange Rate

The value of one currency for the purpose of conversion to another, indicating how much one currency is worth in terms of another.

Supply and Demand

Economic model that determines the price of a commodity in a market, based on the availability of the commodity (supply) and the desire for it (demand).

Francs

A former currency unit used in France and several other countries before the adoption of the euro, also still used in some parts of Switzerland and Liechtenstein.

Exchange Rate

The exchange rate is the price at which one currency can be exchanged for another, affecting imports, exports, and international investments.