A wedding photographer has made $500 on average in the 5 years it has been operational. When 12 months were analyzed, it was found that he made $620 per month. i. Does the value $500 refer to the parameter or to the statistic? ii. Is the value $650 a parameter or a statistic? iii. State two advantages of using a sample statistic rather than a parameter.
Question 1
a) A wedding photographer has made $500 on average in the 5 years it has been operational.
When 12 months were analyzed, it was found that he made $620 per month.
i. Does the value $500 refer to the parameter or to the statistic?
ii. Is the value $650 a parameter or a statistic?
iii. State two advantages of using a sample statistic rather than a parameter.
b) For each the following variables, state which is quantitative and which is qualitative. If it
is continuous, state whether it is discrete or continuous.
i. The amount of flour added to bake a pie
ii. The temperature of a glass of milk
iii. The addresses of all patients at a dental office
c) Choose the level of measurement described below
i. The number on the t-shirt of a player on a football team (ordinal, interval)
ii. The distance Madison runs every morning (interval, ratio)
iii. The Magazine that sells the most copies in a month (nominal, ordinal)
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