question archive a) When would the mean grade in class on a final exam be considered a statistic? b
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a) When would the mean grade in class on a final exam be considered a statistic?
b. When would it be considered a parameter?
c. When a student construct a 95% confidence interval, what is his 95% confident about?
a.
A statistic is a measure which is computed for a sample.
The mean grade in class on a final exam be considered a statistic if the class is part of population of students taken for study of mean grades in final exams.
b.
A parameter is a measure which is computed for entire subjects which are aimed for study.
The mean grade in class on a final exam would be considered a parameter if the class forms the entire population. It means the study is being conducted only for students of the class.
c.
When a student constructs a 95% confidence interval, he is 95% confident about the interval that it would contain the true parameter value in the range.
Also, it can be said that he is confident that 95% samples would fall in the interval.