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plus1

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When quantity discounts are available, order an amount from the highest discount category.
  Indicate whether the statement is true or false

Question 2

Briefly describe the difference between a parameter and a statistic, and give an example of each.



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Laurenleakan

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Answer to Question 1

F

Answer to Question 2

A parameter is a descriptive measure of a population, while a statistics is a descriptive measure of a sample.

Examples: The mean number of soft drinks consumed last week by all students at Notre Dame is a parameter; the mean number of soft drinks consumed last week by a sample of 450 students from Notre Dame is a statistic.




plus1

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Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it


komodo7

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Reply 3 on: Yesterday
Gracias!

 

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