Asked by David Moreno on Jul 31, 2024
Verified
In a sample of 350 students selected from a large college of business,25% are found to be marketing majors.The 25% is a statistic.
Statistic
A numerical value derived from a sample that is used to estimate properties of the population from which it was drawn.
Marketing Majors
Students who specialize in the study of marketing strategies, consumer behavior, and market research as part of their academic education.
- Compare and contrast statistics with parameters.
Verified Answer
KS
Katheryn SaldanaAug 01, 2024
Final Answer :
True
Explanation :
A statistic is a numerical value calculated from a sample of data, and in this case, the percentage of marketing majors in the sample of 350 students is a statistic.
Learning Objectives
- Compare and contrast statistics with parameters.