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Basic Question 10 of 30
Determine whether the following indicators of numerical values would be parameters or statistics.
II. In a survey of customers, ______ were satisfied with the service they were given.
III. Of the undergraduate students at a university, ______ lived off campus last year.
B. statistic; statistic; statistic
C. parameter; statistic; parameter
I. ______ of a company's board members were in favor of initiating a new training program.
II. In a survey of customers, ______ were satisfied with the service they were given.
III. Of the undergraduate students at a university, ______ lived off campus last year.
A. statistic; statistic; parameter
B. statistic; statistic; statistic
C. parameter; statistic; parameter
User Contributed Comments 10
| User | Comment |
|---|---|
| Pooh | #1 can be tricky, it can be a statistic if one considers all possible outcomes of the new training program -- in favor, not in favor or neither. |
| bobbi | parameter relates to population while statistic refer to sample. |
| Carter | Always ask yourself: What are we measuring? For #1: we aren't measuring the outcome of the new training program. We are measuring the opinions of the Board members. There is only a limited number of responses that can be gathered rather quickly. |
| accounting | the clue words are in and of |
| StanleyMo | i think clue word is survey :) |
| mordja | The issue with one is that it measures all board members responses, thus it is a parameter as it measures all responses from a population |
| AnkitDAnalyst | i agree with accounting |
| endlessfin1te | parameter relates to population while statistic refer to sample, SIMPLE |
| 2014 | company board is "population' Paramter measures some aspects of scores it is a measure of views of population |
| jadamo10 | Yes accounting and StanleyMo |
I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach
Learning Outcome Statements
compare and contrast simple random, stratified random, cluster, convenience, and judgmental sampling and their implications for sampling error in an investment problem
CFA® 2024 Level I Curriculum, Volume 1, Module 7.