A particular country has 45 total states. If the areas of 40 states are added and the
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Question:
A particular country has 45 total states. If the areas of 40 states are added and the sum is divided by 40, the result is 19,060 square kilometers. Determine whether this result is a statistic or a parameter.
Choose the correct answer below:
A. The result is a parameter because it describes some characteristics of a population.
B. The result is a statistic because it describes some characteristics of a sample.
C. The result is a parameter because it describes some characteristics of a sample.
D. The result is a statistic because it describes some characteristics of a population.
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Applying International Financial Reporting Standards
ISBN: 978-0730302124
3rd edition
Authors: Keith Alfredson, Ken Leo, Ruth Picker, Paul Pacter, Jennie Radford Victoria Wise
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