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A sample of employees is selected and it is found that 25% own a vehicle.
Determine whether the given value is a statistic or a parameter.
A sample of employees is selected and it is found that 25% own a vehicle.
Choose the correct statement below.
Parameter because the value is a numerical measurement describing a characteristic of a sample.
Parameter because the value is a numerical measurement describing a characteristic of a population.
Statistic because the value is a numerical measurement describing a characteristic of a sample.
Statistic because the value is a numerical measurement describing a characteristic of a population.