Mark Retired from Competitive Athletics Last Year

question 108

Multiple Choice

Mark retired from competitive athletics last year. In his career as a sprinter he had competed in the 100 -metersevent a total of 328 times. His average time for these 328 races was 10.25 seconds.

• A) parameter
• B) statistic

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Definitions:

Annual Interest Rate

The percentage of interest that is charged or earned on an investment or loan on an annual basis.

Purchasing Power

Purchasing power denotes the value of currency expressed in the quantity of goods or services that one unit of money can buy, often related to the effects of inflation or deflation.

Inflation

The tempo at which the prevalent prices for goods and services swell, erasing buying effectiveness.

Annual Interest Rate

The percentage of principal charged by the lender for the use of its money, calculated on an annual basis.