The drug company claims that only 6% of all patients experience severe side effects when using the new medication. An independent researcher reported that 10% of patients in his study of 300 patients using the new medication experienced severe side effects.
a. Does the drug company consider 6% to be a parameter or a statistic?
b. Is 10% a parameter or a statistic?
c. What inference might be drawn from these data?

Question

The drug company claims that only 6% of all patients experience severe side effects when using the new medication. An independent researcher reported that 10% of patients in his study of 300 patients using the new medication experienced severe side effects. 
a. Does the drug company consider 6% to be a parameter or a statistic? 
b. Is 10% a parameter or a statistic? 
c. What inference might be drawn from these data?

Quizplus · Accepted Answer

The Answer of The drug company claims that only 6% of all patients experience severe side effects when using the new medication. An independent researcher reported that 10% of patients in his study of 300 patients using the new medication experienced severe side effects. 
a. Does the drug company consider 6% to be a parameter or a statistic? 
b. Is 10% a parameter or a statistic? 
c. What inference might be drawn from these data?

The Drug Company Claims That Only 6% of All Patients