BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

BUSINESS ANALYTICS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
A summary measure that is computed from a sample is called a statistic
A
Yes
B
No
Explanation: 

Detailed explanation-1: -The measure that is computed from the sample to infer the population is called a statistic. For example, sample mean, sample standard deviation, and sample proportion. Hence (B) is correct.

Detailed explanation-2: -A statistic (singular) or sample statistic is any quantity computed from values in a sample which is considered for a statistical purpose. Statistical purposes include estimating a population parameter, describing a sample, or evaluating a hypothesis. The average (or mean) of sample values is a statistic.

Detailed explanation-3: -A sample statistic (or just statistic) is defined as any number computed from your sample data. Examples include the sample average, median, sample standard deviation, and percentiles. A statistic is a random variable because it is based on data obtained by random sampling, which is a random experiment.

Detailed explanation-4: -A statistic is a numerical summary of a sample. A parameter is a numerical summary of a population. Inferential statistics uses methods that take a result from a sample, extend it to a population, and measure the reliability of the result.

Detailed explanation-5: -A descriptive measure computed from a sample is called a statistic.

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