Determine Whether the Underlined Value Is a Parameter or a Statistic

question 45

Multiple Choice

Determine whether the underlined value is a parameter or a statistic.
-In a survey conducted in the town of Atherton, 25% of adult respondents reported that they had been involvedin at least one car accident in the past ten years.

• A) statistic
• B) parameter

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Definitions:

Puts

A type of option contract that gives the holder the right, but not the obligation, to sell a specified amount of an underlying asset at a predetermined price within a specific time frame.

Strike Price

The fixed price specified in an options contract at which the holder can buy or sell the underlying asset.

Black-Scholes Model

A mathematical model used for pricing European-style options, estimating the variation over time of financial instruments.

Call Option

A deal in the financial industry that bestows upon the buyer the latitude, but exempts them from the necessity, to acquire stocks, bonds, commodities, or other assets at a price fixed in advance, within a predetermined time frame.