At Cedar Rapids Community College,administrators Want to Determine the Average

question 14

Essay

At Cedar Rapids Community College,administrators want to determine the average commuting distance for their students who commute to school.They randomly select 250 students who commute and ask them the distance of their commute to campus.From this group a mean of 19.3 miles is computed.
a.Describe/find the parameter.
b.Describe/find the statistic.
c.Describe the population.
d.Describe the sample.

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Definitions:

Detrimental Reliance

A legal principle where a party suffers harm by relying on a misleading statement or promise of another.

Bargained-for Exchange

A fundamental principle of contract law that involves a mutual exchange of value or promises between parties.

Enforceable Promise

A commitment in a contract that is legally binding and can be upheld in court.

Substituted Contract

An agreement made to replace a prior contract, which was agreed upon by all original parties and extinguishes the obligations of the first agreement.