Question

A manufacturer of children's toys wants to know what percentage of all of their toys are defective. When a sample of 500 of their toys is selected at random and examined, 2% are found to be defective. The number 2% is an example of a:

Answer 1

Statistic

Explanation:

2% is an example of an statistic.

Statistics are characteristics that describe a sample of the population. In this case, 2% refers to the fraction of defective toys in the 500 toys sample, and not the whole population of toys.

Parameters, on the other hand, are characteristics that pertain to a population. The percentage of all toys that is defective would be a parameter.