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. Population Parameter Variable Sample Data Statistic 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 the data are 34, 9, and 82 dollars. 3. The mean health costs of the clients of the insurance companies per year. 4. All of the clients of the insurance companies. 5. X= the health costs per year of one client of the insurance companies. 6. Agroup of the clients of the insurance companies.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.1: Measures Of Center
Problem 3BGP
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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.
Population
Parameter
Variable
Sample
Data
Statistic
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
the data are 34, 9, and 82 dollars.
3. The mean health costs of the clients of the insurance companies per year.
4. All of the clients of the insurance companies.
5. X= the health costs per year of one client of the insurance companies.
6. Agroup of the clients of the insurance companies.
Transcribed Image Text: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. Population Parameter Variable Sample Data Statistic 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 the data are 34, 9, and 82 dollars. 3. The mean health costs of the clients of the insurance companies per year. 4. All of the clients of the insurance companies. 5. X= the health costs per year of one client of the insurance companies. 6. Agroup of the clients of the insurance companies.
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