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

question 91

Multiple Choice

Determine whether the given value is a sample statistic or a population parameter.
-A sample of 50 patients is selected from among the patients admitted to the emergency room at a hospital, and
It is found that 28% have no health insurance.

• A)Sample statistic
• B)Population parameter

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Definitions:

Short-Term Debt-Paying

Refers to a company's ability to meet its short-term financial liabilities and obligations.

Acid-Test

A stringent financial ratio that measures the ability of a company to pay off its current liabilities with its most liquid assets (cash, marketable securities, and accounts receivable).

Horizontal Analysis

A financial analysis technique used to evaluate trends over time by comparing line items in financial statements, such as assets, liabilities, and equity, across multiple periods.

Liquidity Ratios

Financial metrics used to determine a company's ability to pay off its short-term debts with its current assets.