Question

A company is trying to determine if they should accept a shipment of toy parts. The shipment has over 1 million parts. They decided to randomly select 100 parts out of the shipment. They will only accept the shipment if 1% or less of all of the parts are defective. Out of the 100 selected, 4% are defective. Identify the numbers "1%" and "4%" as either statistics or parameters.4% is a statistic and 1% is a parameterBoth numbers are parameters.Both numbers are statistics.4% is a parameter and 1% is a statistic

Answer 1

4% is a parameter and 1% is a statistic

Explanation:

Given that a company is trying to determine if they should accept a shipment of toy parts.

The shipment has over 1 million parts. Hence as a whole the parts in the shipment is population. 1% or less defective pertain to the population hence this is a parameter.

But sample of 100 is taken and defective are 4%. This 4% is characteristic of a sample and hence this is a statistic

Option d is right

4% is a parameter and 1% is a statistic