A resort employs 3,500 managers and staff.To ascertain their employees' opinions of a proposed health insurance plan,350 employees are surveyed at random.The proportion of the 350 employees who favor the health insurance plan represents a parameter in this scenario.

Question

Quizplus · Accepted Answer

The proportion of the 350 employees who favor the health insurance plan represents a statistic, not a parameter, because it is a measure derived from a sample of the population, not the entire population itself.

A Resort Employs 3,500 Managers and Staff