FORESTRY
AGRICULTURAL STATISTICS AND ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Identify whether the information described is a parameter or statistic. 1. A study was conducted on selected medicine produce of a pharmaceutical company. It was found that the variability of the medicine manufactured in the laboratory is at 0.008.
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Parameter
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Statistic
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Cannot be determined
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Needs more information
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Explanation:
Detailed explanation-1: -A parameter is used to describe the entire population being studied. For example, we want to know the average length of a butterfly. This is a parameter because it is states something about the entire population of butterflies.
Detailed explanation-2: -Parameters and statistics have important roles in quantitative research because they allow researchers to understand how their data behaves in different circumstances and how they can apply their research in real-world situations.
There is 1 question to complete.