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13 January, 09:26

If the manager at first city bank surveys a sample of 100 customers to determine how many miles they live from the bank, is the mean travel distance for this sample considered a parameter or a statistic? explain.

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  1. 13 January, 12:44
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    The answer to this question would be yes, they are parameter.

    Parameter is a data that can show the tendency of the sample. The example would be mean, mode, median. The parameter can be used to show how much similarity or differences between two sample.
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