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A Summary Measure Calculated for a Population Is Called a Parameter

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A summary measure calculated for a population is called a parameter and is designated by Greek letters (such as A summary measure calculated for a population is called a parameter and is designated by Greek letters (such as   for mean or   for proportion). for mean or A summary measure calculated for a population is called a parameter and is designated by Greek letters (such as   for mean or   for proportion). for proportion).


Definitions:

Response Variable

The outcome variable on which comparisons are made, often dependent on the predictor or independent variables in a study.

Fuel Economy

A measure of how far a vehicle can travel on a given amount of fuel, often expressed in miles per gallon or liters per 100 kilometers.

Categorical Variable

A variable that can take on values that are names or labels, representing discrete categories or groups.

Scatterplot

A type of graph used in statistics to display values for typically two variables for a set of data, allowing for the observation of relationships.

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