The First National Bank mailed out a survey to all 3,456 savings account customers. A total of 568 surveys were returned. Values computed from the returned surveys would constitute parameters since all 568 customers were surveyed.

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Values computed from the returned surveys would constitute statistics, not parameters, because they are derived from a sample (568 respondents) of the entire population (3,456 customers), not the entire population itself.

The First National Bank Mailed Out a Survey to All