Determine Whether the Given Value Is a Statistic or Parameter

question 69

Multiple Choice

Determine whether the given value is a statistic or parameter
-As shown in the Crime Watch article of the local newspaper, 37% of the crimes in the county in the month of September were crimes against property.

• A) Statistic
• B) Parameter

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Definitions:

Pay-As-You-Go System

A financial policy where expenses must be funded out of current revenues without resorting to borrowing or debt.

Social Security

A government program that provides financial assistance to people with an inadequate or no income, primarily the elderly and disabled.

Fiscal Policy

Government policies related to taxation and public spending, aimed at influencing the economy.

Federal Reserve Bank

The central banking system of the United States, which regulates the U.S. money supply and is responsible for monetary policy.