If a business manager selected a sample of customers and computed the mean income for this sample of customers, she has computed:
A) a statistic.
B) an ordinal value.
C) a nominal value.
D) a parameter.

Question

Quizplus · Accepted Answer

A statistic is a characteristic of a sample, so when the business manager computes the mean income for a sample of customers, she is indeed calculating a statistic.

If a Business Manager Selected a Sample of Customers and Computed