Question

In a study of all homeowners in Nevada, it was found that the average size of a home was 1100 square feet. Determine whether 1100 square feet is a statistic or a parameter.
1)It is a statistic because the value describes a characteristic of a sample.
2)It is a parameter because the value describes a characteristic of a sample.
3)It is a parameter because the value describes a characteristic of a population.
4)It is a statistic because the value describes a characteristic of a population.

Answers

GPT-4o mini
The average size of a home in the study of all homeowners in Nevada being 1100 square feet pertains to the entire population of homeowners in that state.

Therefore, the correct answer is:

3) It is a parameter because the value describes a characteristic of a population.

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