Determine whether the bolded numerical value is a parameter or a statistic. Explain your reasoning. The average annual salary of 50 of a company's 800 employees in $54,000A. Statistic because the data set of all employees' salaries is a sampleB. Parameter because the data set of salaries of 50 employees is a sampleC. Parameter , because the data set of salaries of 50 employees is a populationD. Statistic , because the data set of salaries of 50 employees is a population. E. Parameter , because the data set of all employees' salaries is a sample. F. Statistic , because the data set of salaries of 50 employees is a sample. G. Parameter , because the data set of all employees' salaries is a population. H. Statistic , because the data set of all employees' salariesis a population.

Question

Tomas Diaz

Mathematics

22 July, 04:17

Determine whether the bolded numerical value is a parameter or a statistic. Explain your reasoning. The average annual salary of 50 of a company's 800 employees in $54,000A. Statistic because the data set of all employees' salaries is a sampleB. Parameter because the data set of salaries of 50 employees is a sampleC. Parameter , because the data set of salaries of 50 employees is a populationD. Statistic , because the data set of salaries of 50 employees is a population. E. Parameter , because the data set of all employees' salaries is a sample. F. Statistic , because the data set of salaries of 50 employees is a sample. G. Parameter , because the data set of all employees' salaries is a population. H. Statistic , because the data set of all employees' salariesis a population.

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Alejandra Raymond · Answer 1

Answer: F. Statistic , because the data set of salaries of 50 employees is a sample.

Step-by-step explanation:

A parameter gives measure of a characteristic for the entire population where as a statistic gives measure of a characteristic for the subset of population (sample).

Given : The average annual salary of 50 of a company's 800 employees is $54,000.

It means the sample size = 50 and the sample mean salary = $54,000.

i. e $54,000 is giving the measure for mean salary for the sampled 50 employees.

It means $54,000 is a statistic.

Hence, the correct answer is option (F).