Final answer:
The relevant statistical parameter in this question is the home field advantage, represented as the percent of games won by the home team. According to the book Scorecasting, the worldwide home field advantage in soccer is 62.4% based on a study of professional soccer leagues in 24 different countries.
Step-by-step explanation:
The relevant statistical parameter in this question is the home field advantage, represented as the percent of games won by the home team. This parameter is denoted by the symbol P (for probability) or PH (for home team probability).
According to the book Scorecasting by Moskowitz and Wertheim, the worldwide home field advantage in soccer across 43 professional leagues in 24 different countries is 62.4%. This means that, on average, the home team wins 62.4% of the games played.
This percentage is obtained by dividing the number of games won by the home team over the total number of games played and multiplying by 100 to get the percentage.