Determine if the numerical value describes a population parameter or a sample statistic. The average price of a car at the new car dealership in town is $34,800.

Is it a Population Parameter or Sample Statistic

Population parameter

Step-by-step explanation:

Since the average price of a whole town at a new dealership is described. A random sample from a town was not isolated for study. In fact the entire statistics of the town was considered in the mean price of a car. Hence, the average price given in our case will be a population parameter.

Answer: Population parameter

Step-by-step explanation:

We can describe this numerical value $34, 800 as a population parameter because it takes into consideration, the population of all the cars in the new car dealership in town.

While the population parameter considers the entire population, example, the total number of cars in the house, the sample statistics would only consider a sample of a very vast population.

This figure is a population parameter, because the population of cars in the car dealership can be measured. They are sizeable. Therefore, we can easily obtain the average price of the cars.