Asked by Maddie McCorvey on Jul 31, 2024
Verified
A resort employs 3,500 managers and staff.To ascertain their employees' opinions of a proposed health insurance plan,350 employees are surveyed at random.The proportion of the 350 employees who favor the health insurance plan represents a parameter in this scenario.
Parameter
A value that summarizes a characteristic of a population or a model, such as its mean or variance.
Health Insurance Plan
A contract or policy that provides individuals with reimbursement or direct payment for healthcare services, often spreading the risk across a large group of people.
Proportion
A part or segment expressed as a fraction of the whole.
- Set apart statistics from parameters by identifying their differences.
Verified Answer
AM
angus mckayAug 06, 2024
Final Answer :
False
Explanation :
The proportion of the 350 employees who favor the health insurance plan represents a statistic, not a parameter, because it is a measure derived from a sample of the population, not the entire population itself.
Learning Objectives
- Set apart statistics from parameters by identifying their differences.