A bank manager is interested in the average length of time that customers are willing to wait in line before they give up and leave the bank. Match the vocabulary word with its corresponding example. The average length of time that all customers will wait before leaving the bank vThe list of times for the 25 customers who left the bank The 25 customers that the manager observed leave The length of time a customer waits before leaving the bank The average length of time that the 25 customers waited before leaving the bank All of the bank's customers a. Data b. Population c. Variable d. Statistic e. Parameter f. Sample

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.1: Measures Of Center
Problem 14PPS
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Strictly homework not quiz, I need help matching the term to the example. Thanks!
A bank manager is interested in the average length of time that customers are willing to wait in line
before they give up and leave the bank. Match the vocabulary word with its corresponding example.
The average length of time that all customers will wait before leaving the bank
The list of times for the 25 customers who left the bank
The 25 customers that the manager observed leave
v The length of time a customer waits before leaving the bank
The average length of time that the 25 customers waited before leaving the bank
v All of the bank's customers
a. Data
b. Population
c. Variable
d. Statistic
e. Parameter
f. Sample
Transcribed Image Text:A bank manager is interested in the average length of time that customers are willing to wait in line before they give up and leave the bank. Match the vocabulary word with its corresponding example. The average length of time that all customers will wait before leaving the bank The list of times for the 25 customers who left the bank The 25 customers that the manager observed leave v The length of time a customer waits before leaving the bank The average length of time that the 25 customers waited before leaving the bank v All of the bank's customers a. Data b. Population c. Variable d. Statistic e. Parameter f. Sample
Expert Solution
Step 1:-

Population:

The set of all people, items, or objects that are required for a specific study is defined as the population.

Parameter:

 Population parameter is a numerical quantity that describes a certain characteristic of the population.

Sample:

A smaller group of individuals (subjects) are selected from the population of interest. 

Statistic: 

Sample statistic is an estimated value of the parameter. It is computed using the sample drawn from the population.

 

 

 

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