Question

For # 1 - 3 Identify each of the following numerical values as

either: (P) Parameter or (S) Statistic

1. of a company's employees the opinion of just
those that were there on time one morning about what they
thought of a new training program.

2. in a study abour a small company of 25
employees, the range of their employees salaries

3. in a study about the value of American homes in
2012, the average decrease of all the homes sold in Gwinnett

Answer 1

S - S - P

Explanation:

(S) Statistic - The opinion of just those employees who were there on time one morning about a new training program would be a statistic as it represents a sample of the entire population of employees in the company.

(S) Statistic - The range of employees' salaries in a study about a small company with 25 employees would be a statistic as it represents a characteristic of a sample of employees from the company.

(P) Parameter - The average decrease of all the homes sold in Gwinnett in a study about the value of American homes in 2012 would be a parameter as it represents a characteristic of the entire population of American homes in Gwinnett.