Question

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.

Answer 1

The mean travel distance for the sample of 100 customers surveyed by the manager at First City Bank is considered a statistic.

Step-by-step explanation:

The mean travel distance for the sample of 100 customers surveyed by the manager at First City Bank is considered a statistic.

In statistics, a parameter is a numerical characteristic of the whole population that can be estimated by a statistic. Since the manager is surveying only a sample of customers, the mean travel distance calculated from this sample is a statistic, not a parameter.

For example, if the manager had surveyed all customers of First City Bank, then the mean travel distance calculated from that data would be a parameter.

Answer 2

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.