A media report stated "71% of the population of all Irish consumers are unwilling to pay for online news, and of those who do, almost half pay less than e50 per year”. A business student surveyed a random sample of 20 Irish consumers and calculated that 65% of the sample were unwilling to pay for online news. Which one of the following statements are true: (a) The value 71% is a statistic and the value 65% is a parameter. (b) The value 71% is a statistic and the value 65% is a statistic (c) The value 71% is a parameter and the value 65% is a statistic.

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question

A media report stated "71% of the population of all Irish consumers are unwilling to pay for online news, and of those who do, almost half pay less than e50 per year”. A business student surveyed a random sample of 20 Irish consumers and calculated that 65% of the sample were unwilling to pay for online news. Which one of the following statements are true: (a) The value 71% is a statistic and the value 65% is a parameter. (b) The value 71% is a statistic and the value 65% is a statistic (c) The value 71% is a parameter and the value 65% is a statistic.

Expert Solution
steps

Step by step

Solved in 3 steps

Blurred answer
Similar questions
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman