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:

Constant Ratio

A fixed ratio that remains unchanged over time or under various conditions.

Pro Forma Statements

Financial statements that project the future financial performance of a company based on current and historical data.

Financial Plans

Structured approaches to managing finances that encompass goals, strategies for achieving them, and an analysis of resources and expenditures.