Identify Whether the Number Described Is a Parameter or a Statistic

question 90

Multiple Choice

Identify whether the number described is a parameter or a statistic.
-In a random sample of 250 single mothers, 30% reported high levels of stress.

• A) Parameter
• B) Statistic

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Definitions:

Specified Price

A pre-determined price point related to financial and contractual agreements.

Forward Contract

A non-standardized agreement between two parties to buy or sell an asset at a specified future time at a price agreed upon today.

Farmer

An individual engaged in agriculture, raising living organisms for food or raw materials.

Hedger

An investor or trader who enters into contracts to protect against future price fluctuations of an asset.