Question: Example 1 Determine what the key terms refer to in the following study. We want to know the average (mean) amount of money first year

Example 1

Determine what the key terms refer to in the following study.

We want to know the average (mean) amount of money first year college students spend at ABC College on school supplies that do not include books. We randomly surveyed 100 first year students at the college. Three of those students spent $150, $200, and $225, respectively.

The population is?

The sample is?

The parameter is?

The statistic is?

The variable is?

The data is?

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