Determine if the numerical value describes a population parameter or a sample statistic. "62% of all students at the local university voted in the last election"

Determine if the numerical value describes a population parameter or a sample statistic. "62% of all students at the local university voted in the last election"

Answer

A population parameter is a numerical value that describes a characteristic of an entire population. A sample statistic is a numerical value that describes a characteristic of a sample, which is a subset of a population. In this problem, the statement says '62% of ALL students at the local university'. Because the value (62%) refers to every member of the specific group being studied (the entire student body of the local university), it is a population parameter. Therefore, the correct answer is Population Parameter.