Question 5
8 pts
Assume all of the graduating seniors at a school are the population of interest. The job placement center at the school surveys all graduating seniors. Their report from the survey includes numerical summaries such as the average starting salary and the percentage of students earning more than $30,000 a year.
Are these numerical summaries better characterized as statistics or as parameters?
Parameters, because the analyses summarize data on a population.
Parameters, because the analyses summarize data on a sample.
Statistics, because the analyses summarize data on a population.
Statistics, because the analyses summarize data on a sample.