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A large bank wishes to determine the average credit scores for adults who apply for a loan from Florida. It surveyed 80 applicants from Florida and discovered a mean credit score of 725.

Which of the statements below represent the parameter and the population, respectively, of the survey?

I    The mean credit score of all adult applicants from Florida

II    The mean credit score of 80 adult applicants from Florida

III   All adults who apply for a loan from Florida

IV   The 80 adults who apply to for a loan from Florida

 

A Statements I and III

B Statements II and III

C Statements I and IV

D Statements II and IV

 May 1, 2018
 #1
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A seems like the most likely answer to me.

The 80 people surveyed are the sample and statistic, which is used to create an estimated measurement for the whole population.

 May 1, 2018
edited by Cent0rea88  May 1, 2018
edited by Cent0rea88  May 1, 2018
 #2
avatar+55 
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I don't know a whole lot about statistics, but maybe this chart can help. It's what I used to determine my answer.

 May 1, 2018

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