Question

Determine which of the following words best describes the underlined word(s) in the context.

The President of a mobile phone manufacturer wants to know what color mobile phone users prefer. The company sells mobile phones throughout the world. There are 5.16 billion unique mobile phone users in the world. A Statistician for the manufacturer conducts a random sample of 1,000 mobile phone users throughout the world and from the sample determines that 23.6% prefer white and 34.6% black.
variable, population, statistic, sample, data, parameter

Answer 1

Population - All 5.16 billion mobile phone users

Sample - subset of 1000 chosen from 5.16 billion

Variable - white and black mobile preference

Parameter - statistical characteristics of the population

Statistic - statistical characteristic of the sample ; 23.6% white preference ; 34.6 black preference

Data - facts and figures gathered for the study

Explanation:

The population is the total observations who fit into a certain area of interest.

Sample refers to subset of the population which is meant to be representative of the larger population.

Variable refer to groups of characteristics with relates to observations within a dataset.

Parameter - statistical characteristics of the population

Statistic - statistical characteristic of the sample

Data - facts and figures gathered for the study