The average salary of all GM workers

label Statistics
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The average salary of all GM workers is $38,000. Does this value describe a population parameter or a sample statistic? Explain your reasoning.

May 21st, 2015

This value describes a sample statistic because it does not give the exact value for the salary of each employee, it only gives an average, there are employees who earn more than this and others earn less than this amount

May 21st, 2015

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May 21st, 2015
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May 21st, 2015
Jun 28th, 2017
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