In a Small Town, 84% of the Residents, Aged 16

question 28

Multiple Choice

In a small town, 84% of the residents, aged 16 or more years old, own a car. Is this an example of statistic or a parameter?

• A) Statistic
• B) Parameter

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Definitions:

Central Tendency

A statistical measure that identifies a single value as representative of an entire distribution, aiming to provide a concise description of a dataset's overall pattern.

Asset

An economic resource that can be owned or controlled to produce value and that is held to have positive economic value.

Liability

A financial obligation or debt that an entity is required to pay to another party, often arising from past transactions or events.