Determine Whether the Given Value Is a Statistic or a Parameter

question 68

Multiple Choice

Determine whether the given value is a statistic or a parameter
-A researcher determines that 42.7% of all downtown office buildings have ventilation problems.

• A) Statistic
• B) Parameter

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Definitions:

Personal Property

Any movable property that is not attached to real estate; includes both tangible and intangible items.

Fee Simple Absolute

Ownership rights entitling the holder to use, possess, or dispose of the property however he or she chooses during his or her lifetime.

Ownership Limitations

Restrictions or constraints on the rights of owning property, which may be imposed by law, regulations, or agreements.

Partial Ownership

Holding a fraction or a portion of the total stake or equity in a property, company, or financial asset.