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Decide whether the numerical value describes a population parameter or a sample statistic.
a. A recent survey of a sample of BCom graduates reported that the average salary of a BCom graduate is more than R 12 000.
b. Stating salaries for the 100 MBA graduates from Regent Business School increased by 5% from the previous year.
in Data Science & Statistics by Diamond (44,170 points) | 197 views

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a.    A sample statistic: the average of R 12 000 is based on the subset of the population.
b.    A  population parameter: the percent increase of 5% is based on all 100 graduates' starting salary.
by Diamond (40,336 points)
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