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A bank manager is interested in the average length of time that customers are willing to wait in line before they give up and leave the bank. Match the vocabulary word with its corresponding example. The average length of time that all customers will wait before leaving the bank vThe list of times for the 25 customers who left the bank The 25 customers that the manager observed leave The length of time a customer waits before leaving the bank The average length of time that the 25 customers waited before leaving the bank All of the bank's customers a. Data b. Population c. Variable d. Statistic e. Parameter f. Sample

A bank manager is interested in the average length of time that customers are willing to wait in line before they give up and leave the bank. Match the vocabulary word with its corresponding example. The average length of time that all customers will wait before leaving the bank vThe list of times for the 25 customers who left the bank The 25 customers that the manager observed leave The length of time a customer waits before leaving the bank The average length of time that the 25 customers waited before leaving the bank All of the bank's customers a. Data b. Population c. Variable d. Statistic e. Parameter f. Sample

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Strictly homework not quiz, I need help matching the term to the example. Thanks!
A bank manager is interested in the average length of time that customers are willing to wait in line before they give up and leave the bank. Match the vocabulary word with its corresponding example. The average length of time that all customers will wait before leaving the bank The list of times for the 25 customers who left the bank The 25 customers that the manager observed leave v The length of time a customer waits before leaving the bank The average length of time that the 25 customers waited before leaving the bank v All of the bank's customers a. Data b. Population c. Variable d. Statistic e. Parameter f. Sample
Transcribed Image Text:A bank manager is interested in the average length of time that customers are willing to wait in line before they give up and leave the bank. Match the vocabulary word with its corresponding example. The average length of time that all customers will wait before leaving the bank The list of times for the 25 customers who left the bank The 25 customers that the manager observed leave v The length of time a customer waits before leaving the bank The average length of time that the 25 customers waited before leaving the bank v All of the bank's customers a. Data b. Population c. Variable d. Statistic e. Parameter f. Sample
Expert Solution
Step 1:-

Population:

The set of all people, items, or objects that are required for a specific study is defined as the population.

Parameter:

 Population parameter is a numerical quantity that describes a certain characteristic of the population.

Sample:

A smaller group of individuals (subjects) are selected from the population of interest. 

Statistic: 

Sample statistic is an estimated value of the parameter. It is computed using the sample drawn from the population.

 

 

 

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