Determine Whether the Given Value Is a Sample Statistic or a Population

question 63

Multiple Choice

Determine whether the given value is a sample statistic or a population parameter.
-Based on a sample of 500 patients with high cholesterol, it was found that 67% have heart disease.

• A)Population parameter
• B)Sample statistic

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Definitions:

Bailed Property

Property given into the custody of another, termed the bailee, for a specific purpose under a contract.

Mutual Benefit

Refers to actions or policies that provide advantages or positive outcomes to all involved parties.

Reasonable Care

The standard of care that a reasonably prudent person would use in a similar situation to avoid harm to others.

Sole Benefit

Pertains to actions or provisions designed to favor a single person or entity exclusively.