Final answer:
The statement about data being used in analysis-based functions is true. A parameter is a metric derived from the entire population, such as the average exam score for all students in a class. In contrast, a statistic like the 50 percent of high school seniors planning to attend college is obtained from a sample.
Step-by-step explanation:
One of the parameters used by many of the analysis-based functions is the data on which to perform the analysis. This statement is true. In statistical analysis, data is indeed the foundational input that is used to compute various metrics. For instance, a professor may calculate the average exam score for her class. If the scores for all students in the class are included in this calculation, the average is considered a parameter as it represents a metric calculated from the entire population of interest.
In the context of a government survey of high school seniors, the 50 percent who respond that they are planning to attend a four-year college or university in the following year is referred to as a statistic as it is a measure obtained by querying only a sample of the entire population of high school seniors.