Determine whether the given value is a statistic or a parameter. A homeowner measured the voltage supplied to his home on 343 days of a given year, and the average (mean) value is 139.4 volts. Choose the correct answer below. O A. The given value is a parameter for the year because the data collected represent a sample. B. The given value is a parameter for the year because the data collected represent a population. C. The given value is a statistic for the year because the data collected represent a population. D. The given value is a statistic for the year because the data collected represent a sample.

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Types of Bias

Statistics is the study of data collection, organization, analysis, interpretation, and presentation. Statistical bias is a characteristic of a statistical technique or its findings in which the expected value deviates from the actual root quantitative parameter being estimated. According to the actual definition of bias, it refers to the tendency of a statistic to overestimate or underestimate a parameter.