Statistics are used to estimate population parameters, particularly when it is impossible or too expensive to poll an entire population. A particular value of a statistic is referred to as a(n) ________.

Question

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A particular value of a statistic is referred to as an estimate. The mean (A) refers to the average value of a set of data, stratum (B) refers to a subpopulation within a larger population, and finite correction factor (D) refers to an adjustment made to a statistic to account for a finite population size.

Statistics Are Used to Estimate Population Parameters, Particularly When It