Question

A study dealing with health care issues plans to take a sample survey of 1500 Americans to estimate the proportion who have health insurance and the mean dollar amount that Americans spent on health care this past year. a. Identify the population parameters that this study will estimate. b. Identify the statistics that can be used to estimate these parameters.

Answer 1

Explanation:

(a) A parameter of a population measures the characteristics of the population, In the question the proportion of all the persons who have health insurance and the mean of the entire dollar amount that Americans spent on health care in the past year measure the population.

Invariably, the proportion of persons having health insurance, and the mean dollars spent on health care for all Americans are the population parameter

(b) A statistics measure the characteristics of the sample.

In the question, the sample of 1500 Americans are considered to estimate the proportion of all Americans, proportion of all the persons who have health insurance among 1500 and the sample mean of all the dollar amounts that the selected Americans spent on healthy care in the past year describe the sample.

Invariably, the sample proportion of persons having health insurance, and the mean dollars spent on health care for 1500 selected Americans are sample statistics