The Magnolia Swimming Pool Company wants to determine the average number of years it takes before a major repair is required on one of the pools that the company constructs.The president of the company asks Rick Johnson, a company accountant, to randomly contact fifty families that built Magnolia pools in the past ten years and determine how long it was in each case until a major repair.The information will then be used to estimate the average number of years until a major repair for all pools sold by Magnolia.The average based on the data gathered from the fifty families can best be described as a _______.
A)parameter
B)sample
C)population
D)statistic
E)frame

Question

Quizplus · Accepted Answer

The average based on data gathered from the fifty families is a statistic because it is a summary measure calculated from a sample drawn from a larger population.

The Magnolia Swimming Pool Company Wants to Determine the Average