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

question 116

Multiple Choice

Determine whether the given value is a sample statistic or a population parameter.
-After taking the first exam, 15 of the students dropped the class.

• A)Sample statistic
• B)Population parameter

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Definitions:

Economically Efficient

A situation in which every resource is optimally allocated to serve each individual or entity in the best way while minimizing waste and inefficiency.

Single Energy Source

Reliance on one type of energy for power or fuel, such as oil, natural gas, or solar power.

U.S. Electricity

Refers to the production, distribution, and consumption patterns of electricity within the United States, characterized by regional variations and evolving technologies.

Petroleum

A naturally occurring, liquid hydrocarbon found beneath the Earth's surface, often used as fuel and in various industrial applications.