Question

Determine whether the underlined numerical value is a parameter or statistics.

The average annual salary of 50 of a company's 800 employees is $54,000.

Answer 1

The numeric value is a statistic because the data set of salaries of 50 employees is a sample

Explanation:

50 of a company's 800 employees is $54,000.

800 is the population, of all the employees of the company

$54,000 is the value of 50 employees which sample or subset is of 800 employees