Which of the Following Is True About Statistics Such as the Sample

question 52

Multiple Choice

Which of the following is true about statistics such as the sample mean or sample proportion?

• A) A statistic is a constant.
• B) A statistic is a parameter.
• C) A statistic is always known.
• D) A statistic is a random variable.

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Definitions:

Major Deposit

A significant amount of money placed in a financial institution or investment, often referring to a sizable transaction that impacts financial statements.

Financial Statement

An orderly enumeration of monetary activities and financial health of an entity, be it a business, individual, or something else.

Financial Statement

A comprehensive report detailing a company's financial performance, position, and cash flows over a specific period.

Normal Balance

The side (debit or credit) of an account that is expected to have a higher balance based on accounting principles.