If a store manager selected a sample of customers and computed the mean income for this sample, what has he computed?
A) a parameter
B) a statistic
C) a qualitative value
D) a categorical value

Question

Quizplus · Accepted Answer

If the store manager selected a sample of customers and computed the mean income for this sample, he has computed a statistic. A statistic is a numerical characteristic of a sample.

If a Store Manager Selected a Sample of Customers and Computed