If a Parameter Is Computed from a Set of Data

question 206

Multiple Choice

If a parameter is computed from a set of data, which of the following statements is true?

• A)The data are obtained from a census.
• B)The data are obtained from a random sample.
• C)The data is from a sample that is representative of the population.
• D)The data are obtained from a stratified sample.
• E)The data must be quantitative.

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Definitions:

Concert Costs

Expenses associated with organizing, promoting, and hosting a live music performance.

Resell

The act of selling a purchased good or service to another party, often for a price higher than the original purchase price.

Price Differential

The variation in the price of a product or service in different markets or purchase conditions.

Rational Decision Maker

An individual who makes choices based on reasoning and the systematic evaluation of options to achieve the most beneficial outcome.