Determine Whether the Given Value Is a Statistic or a Parameter

question 77

Multiple Choice

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

• A) Statistic
• B) Parameter

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Definitions:

Mental Incapacity

A state where an individual is unable to understand the nature and consequences of their actions, affecting their ability to enter legal agreements or make decisions.

Essential Terms

Fundamental conditions or clauses in a contract that are necessary to the performance of that contract.

Legally Binding

An agreement or contract that is enforceable by law, where all parties involved are obligated to fulfill the terms.

Merchant

A person or company engaged in the business of selling goods or services.