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A local newspaper reports that among a sample of 250 subscribers, \(45 \%\) are over the age of \(50 .\) Is this a parameter or a statistic?

Short Answer

Expert verified
It is a statistic.

Step by step solution

01

Identify the Nature of the Data

First, determine whether the data pertains to an entire population or just a sample. In this case, the information is derived from a 'sample of 250 subscribers' rather than the entire subscriber base.
02

Differentiate Between Parameter and Statistic

Understand the definition of parameters and statistics. A parameter is a value that describes a whole population, while a statistic is a value that describes a characteristic of a sample from that population.
03

Analyze the Information Provided

Since the data about the percentage of subscribers over the age of 50 is based on a sample, it is indicative of characteristics of that sample rather than the entire subscriber population.
04

Draw a Conclusion

Based on the analysis, since the percentage represents the sample rather than the full population, classify the measure as a statistic.

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Key Concepts

These are the key concepts you need to understand to accurately answer the question.

Sample
In statistics, a sample refers to a subset of individuals chosen from a larger population for the purpose of conducting a study. Think of a sample like a small slice of a cake鈥攋ust a part of the whole cake. Usually, the aim is to analyze the sample in such a manner that the findings can be generalized back to the entire group, or the population.
There are several key points to remember about samples:
  • Samples are selected from a larger group known as a population, which includes everyone or everything that you want to draw conclusions about.
  • A well-selected sample should accurately reflect the characteristics of the population from which it is drawn. This is crucial to ensure that the results from the sample are meaningful.
  • The size of the sample (like the mentioned 250 subscribers) is important as a larger sample can provide more reliable and accurate results which better approximate the whole population.
The goal of sampling is to make informative inferences about the entire population without having to observe or survey every single member. It saves time and resources while providing valuable information.
Parameter vs Statistic
When dealing with data in statistics, it's crucial to differentiate between a parameter and a statistic. These two concepts form the backbone of much of statistical analysis.
  • A **parameter** is a fixed value that describes a characteristic of an entire population. Since it's based on the entire group, a parameter is often unknown and can be difficult and costly to determine.
  • A **statistic**, on the other hand, describes a characteristic of a sample. It is calculated from the data collected from a subset of the population. In the example of the newspaper, 45% of subscribers over the age of 50 within the sample of 250 was calculated as a statistic.
Understanding the difference between a parameter and a statistic is essential for interpreting statistical data correctly. While statistics give us estimated values about populations, parameters are the actual values, albeit often unknown without a complete census.
Population and Sample Concepts
In statistics, the concepts of population and sample are foundational for understanding how data is collected and interpreted.
鈼 **Population**: This term refers to the entire group that is the subject of a study. Whether it's all the residents of a city, all the subscribers of a newspaper, or all the species of a particular plant, a population includes every single member that qualifies under the criteria of the study. Due to its size, testing or surveying the entire population is often impractical. 鈼 **Sample**: As previously introduced, a sample is a smaller, manageable version of a population. It should be as representative of the whole group as possible to ensure that any findings from the sample can be applied back to the larger population.
The distinction between population and sample underlies much of statistical theory and practice. By applying statistical methods, researchers can make educated guesses and predictions about the population from which the sample is drawn. This process involves recognizing the limitations and potential errors that can occur when making inferences based on samples rather than entire populations.
Understanding these concepts is integral for anyone studying or working with statistical data, as it plays a critical role when designing studies and analyzing data outcomes.

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Most popular questions from this chapter

A group of college students were asked what the price of gas would need to be before they would start using public transportation to get to school instead of driving. Their responses in $$\$ /$$ gallon are listed below: 5.25,5.00,4.25,3.75,5.00,4.50,3.95,3.75,5.75,4.75,3.25,3.75,4.75,5.00,8.95 a. Find the mean and median. Round to two decimal places and include units. b. Based on the mean and median, would you expect the distribution to be symmetric, skewed left, or skewed right? Explain. c. Find the standard deviation. Round to two decimal places and include units. d. Calculate the z-scores for the responses of $$\$ 3.25$$ and $$\$ 8.95 .$$ Are either of these values unusual? e. Determine the 5 -number summary for the data. f. What is the range and IQR of the data set? Round to two decimal places and include units. g. Use the 5 -number summary to construct a box plot.

Use the Empirical Rule to answer these questions. About what percentage of the values from a Normal distribution fall between the first and third standard deviations (both sides)?

Identify the most relevant source of bias in each situation. a. A survey asks the following: Should the death penalty be permitted if innocent people might die? b. A study seeks to investigate whether a new pain medication is safe to market to the public. They test by randomly selecting 300 people who identify as men from a set of volunteers. c. A survey asks how many sexual partners a person has had in the last year. d. A radio station asks listeners to phone in their response to a daily poll. e. A substitute teacher wants to know how students in the class did on their last test. The teacher asks the 10 students sitting in the front row to state their latest test score. f. High school students are asked if they have consumed alcohol in the last two weeks.

A team of researchers is testing the effectiveness of a new vaccine for human papilloma virus (HPV). They randomly divide the subjects into two groups. Group 1 receives new HPV vaccine, and Group 2 receives the existing HPV vaccine. The patients in the study do not know which group they are in. a. Which is the treatment group? b. Which is the control group (if there is one)? c. Is this study blind, double-blind, or neither? d. Is this best described as an experiment, a controlled experiment, or a placebo-controlled experiment?

A researcher works on a study and found that the sample mean to be $$\$ 35.4$$ and the standard error of estimate to be $$\$ 0.75 .$$ What is the margin of error for the \(95 \%\) confidence level? What is the \(95 \%\) confidence interval for the true mean? Interpret the results.

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