The hypothesized population parameter value can be determined using:
A)A percentage and a mean.
B)A mean and a median.
C)Both a percentage and a median.
D)Either a percentage or a mean.

Question

Quizplus · Accepted Answer

The hypothesized population parameter value can be determined using either a percentage or a mean. A percentage represents the proportion of the population with a certain characteristic, while a mean represents the average value of a variable in the population. Both of these can be used to estimate a population parameter value, such as the proportion of people who prefer a certain political candidate or the average income of a population. A median, on the other hand, is not useful for estimating a population parameter value as it only represents the middle value of a distribution and does not take into account the entire population.

The Hypothesized Population Parameter Value Can Be Determined Using