Determine Whether the Underlined Value Is a Parameter or a Statistic

question 25

Multiple Choice

Determine whether the underlined value is a parameter or a statistic.
-A study of 3700 college students in the city of Pemblington found that 8% had been victims of violent crimes.

• A) statistic
• B) parameter

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Definitions:

Trade Surplus

A situation where a country's exports exceed its imports over a given time period, reflecting a positive balance of trade.

Domestic Investment

The total capital expenditure within a country on physical assets like buildings, machinery, and technology by individuals, businesses, and the government.

U.S. Net Exports

Represents the value of a country's total exports minus its total imports, indicating whether a country is a net exporter or importer.

U.S. Net Capital Outflow

The unequal ratio of domestic purchases of overseas assets to foreign purchases of domestic assets.