Which Statement Best Describes a Parameter

question 11

Multiple Choice

Which statement best describes a parameter?

• A) A parameter is an unbiased estimate of a statistic found by experimentation or polling.
• B) A parameter is a numerical measure of a population that is almost always unknown and must be estimated.
• C) A parameter is a sample size that guarantees the error in estimation is within acceptable limits.
• D) A parameter is a level of confidence associated with an interval about a sample mean or proportion.

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Definitions:

Permanent Accounts

Accounts that carry their ending balances over to the next accounting period, such as assets, liabilities, and equity accounts.

Service Companies

Businesses that provide intangible products or services to consumers or other businesses.

Vendors Section

A segment within a system or documentation focusing on the details and management of suppliers.

Purchase Orders

Official documents issued by a buyer to a seller, indicating types, quantities, and agreed prices for products or services.