75% of Toyota automobiles come equipped with side curtain airbags. This conclusion was made after observing production data regarding all Toyota automobiles. This value of 75% is called a what?
A) Statistic
B) Parameter
C) Placebo
D) Double Blind
E) None of the above.

Question

Quizplus · Accepted Answer

A parameter is a value that describes a characteristic of a population, and in this case, the population is all Toyota automobiles. Since the conclusion about the 75% is based on all Toyota automobiles, it is a parameter.

75% of Toyota Automobiles Come Equipped with Side Curtain Airbags