Final answer:
The average salary at a company is considered a parameter because it describes a characteristic of the entire company's population.
The Correct Option is d) Statistic.
Step-by-step explanation:
The average salary of $27,125 at a company represents a parameter because it's a numerical characteristic of the whole population within that company. When discussing statistics, a parameter is a value that describes something about an entire population, whereas a statistic is a value that describes something about a sample, which is a subset of the population.
In this case, since the executive is interested in the average salary of all employees within their company, the entire company is considered the population, and the average salary is hence a parameter of that population.
The term that describes the average value of $27,125 is d) Statistic.
In this scenario, the average salary is based on the recorded salaries of the employees in the company. Since the average is calculated from a sample of employees, it is considered a statistic rather than a parameter.