Determine whether the underlined number is a statistic or a parameter. A sample of employees is selected and it is found that \( 65 \% \) own a television. Choose the correct statement below. Parameter because the value is a numerical measurement describing a characteristic of a sampl Parameter because the value is a numerical measurement describing a characteristic of a popula 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 populatior
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This scenario involves a sample of employees, and the \( 65\% \) ownership of televisions is derived from that sample. Therefore, this value represents a statistic because it describes a characteristic of a specific sample rather than the entire population of employees. Additionally, parameters relate to entire populations, while statistics pertain to samples drawn from those populations. Since we've derived our conclusion from a subset of the overall group, that \( 65\% \) is indeed a statistic.