A small-town mechanic says that 8% his customers come in for an oil change. When  1000 samples were drawn from his records, it was found that 6.5% of these came in for  an oil change. i. What is the target population?  ii. Does the value 8% refer to the parameter or to the statistic?  iii. Is the value 6.5% a parameter or a statistic?

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 A small-town mechanic says that 8% his customers come in for an oil change. When 
1000 samples were drawn from his records, it was found that 6.5% of these came in for 
an oil change.
i. What is the target population? 
ii. Does the value 8% refer to the parameter or to the statistic? 
iii. Is the value 6.5% a parameter or a statistic?

 

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