Determine what the key terms refer to in the following study. Insurance companies are interested in the mean health costs each year of their clients, so that they can determine the costs of health insurance. Sample Data Parameter Variable Statistic Population 1. The mean health costs of the clients of the insurance companies per year in the sample. 2. The health costs per year of the clients of the insurance companies. Examples of the data are 34, 9, and 82 dollars. 3. X= the health costs per year of one client of the insurance companies. 4. All of the clients of the insurance companies. 5. The mean health costs of the clients of the insurance companies per year. 6. A group of the clients of the insurance companies.
Determine what the key terms refer to in the following study. Insurance companies are interested in the mean health costs each year of their clients, so that they can determine the costs of health insurance.
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Sample |
Data |
Parameter |
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Variable |
Statistic |
Population |
| 1. |
The mean health costs of the clients of the insurance companies per year in the sample. |
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| 2. |
The health costs per year of the clients of the insurance companies. Examples of the data are 34, 9, and 82 dollars. |
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| 3. |
X= the health costs per year of one client of the insurance companies. |
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| 4. |
All of the clients of the insurance companies. |
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| 5. |
The mean health costs of the clients of the insurance companies per year. |
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| 6. |
A group of the clients of the insurance companies. |
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