A summary measure calculated for a population is called a parameter and is designated by Greek letters (such as for mean or for proportion).

Question

A summary measure calculated for a population is called a parameter and is designated by Greek letters (such as  for mean or  for proportion).

Quizplus · Accepted Answer

This statement is true. Parameters are summary measures calculated for a population, and they are designated by Greek letters. For example, μ (mu) is the Greek letter used to represent the population mean, and π (pi) is the Greek letter used to represent the population proportion.

A Summary Measure Calculated for a Population Is Called a Parameter