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Determine whether the given value is a statistic or parameter. After inspecting all of 55,000 kg of meat stored at the Wurst Sausage Company, it was found that 45,000 kg of the meat was spoiled. parameter statistic

Determine whether the given value is a statistic or parameter. After inspecting all of 55,000 kg of meat stored at the Wurst Sausage Company, it was found that 45,000 kg of the meat was spoiled. parameter statistic

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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**Educational Text for Website** --- **Determining Statistics vs. Parameters** In statistical analysis, it's important to distinguish between a statistic and a parameter. **Problem:** Consider the following scenario: After inspecting all of 55,000 kg of meat stored at the Wurst Sausage Company, it was found that 45,000 kg of the meat was spoiled. **Question:** Determine whether the given value is a statistic or parameter. - **parameter** - **statistic** **Detailed Explanation:** - **Parameter:** A parameter is a value that represents a characteristic of a population. Population data is meant to include every member of the group being studied. - **Statistic:** A statistic is a value that represents a characteristic of a sample. Sample data includes only a part of the population. Since the entire 55,000 kg of meat was inspected, and information was concluded for the whole amount, the value recorded (45,000 kg of spoiled meat) represents the entire population under study. Therefore, the value 45,000 kg is a **parameter**. **Interactive Element:** Students can engage with this content by analyzing different scenarios and determining whether the value represents a statistic or a parameter. --- No graphs or diagrams are included in the provided image. The image displays a portion of a computer screen with text describing a problem about parameters and statistics and a multiple-choice question.
Transcribed Image Text:**Educational Text for Website** --- **Determining Statistics vs. Parameters** In statistical analysis, it's important to distinguish between a statistic and a parameter. **Problem:** Consider the following scenario: After inspecting all of 55,000 kg of meat stored at the Wurst Sausage Company, it was found that 45,000 kg of the meat was spoiled. **Question:** Determine whether the given value is a statistic or parameter. - **parameter** - **statistic** **Detailed Explanation:** - **Parameter:** A parameter is a value that represents a characteristic of a population. Population data is meant to include every member of the group being studied. - **Statistic:** A statistic is a value that represents a characteristic of a sample. Sample data includes only a part of the population. Since the entire 55,000 kg of meat was inspected, and information was concluded for the whole amount, the value recorded (45,000 kg of spoiled meat) represents the entire population under study. Therefore, the value 45,000 kg is a **parameter**. **Interactive Element:** Students can engage with this content by analyzing different scenarios and determining whether the value represents a statistic or a parameter. --- No graphs or diagrams are included in the provided image. The image displays a portion of a computer screen with text describing a problem about parameters and statistics and a multiple-choice question.
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