Asample of 120 employees of a company is selected, the average age is found to be 37 years. determine whether the given value is a statistic or parameter. explain your answer.

The given value is a statistic

Step-by-step explanation:

* Lets explain the difference between statistic and parameter

- A statistic and a parameter are very similar

- They are both descriptions of groups

- The difference between a statistic and a parameter is that

  statistics describe a sample and a parameter describes an

  entire population

- Ex:

# If we selected a random sample of 100 students from a school

  with 1000 students. The average weight of the sampled students

  would be an example of a statistic

# The average height of adult women in the United States is

  a parameter

* Lets solve the problem

- A sample of 120 employees of a company is selected, the average

  age is found to be 37 years

∵ It is a sample of 120 employees of a company selected

∵ The average age is 37 years

∵ Statistics are numbers that summarize data from a sample

∴ The given value is a statistic

false

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