Question

The Chamber of Commerce wants to assess its membership's opinions of the North American Free Trade Agreement. One-hundred of the 2,000 members are randomly selected and contacted by telephone. Seventy-five reported an overall favorable opinion, and twenty-five reported an overall unfavorable opinion. The proportion, 0.75, is a ___________.

Answer 1

Answer:

statistic

Explanation:

A statistic is any value from a sample that is calculated after analyzing the data.

Here, the opinions of the members of the Chamber of Commerce on the North American Free Trade Agreement. It is difficult to record the opinion of each of the two hundred members hence a small sample of 100 was taken from this and their opinions were recorded. This method is known as inferential statistics.

The data of the 100 members were recorded and Seventy-five of them had favorable opinions and the rest had unfavorable opinions. The proportion of favorable to unfavorable was 0.75. This proportion was calculated after the analyzing the members opinions hence, this is a statistic.