Question

Identify the population, the sample, and any population parameters or sample statistics in the given scenario.

In the 1960s, a poll of 2617 homeowners in the United States resulted in a report that the average price of a house in the U.S. was $18,500.
A) Population: none given; Sample: 2617 homeowners polled; Sample Statistic: $18,500
B) Population: U.S. homeowners; Sample: none given; Population Parameter: $18,500
C) Population: U.S. homeowners; Sample: 2617 homeowners polled; Population Parameter: $18,500
D) Population: U.S. homeowners; Sample: 2617 homeowners polled; Sample Statistic: $18,500

Answer 1

[AI-generated answer — Bot GPT 3.5]

C) Population: U.S. homeowners; Sample: 2617 homeowners polled; Population Parameter: $18,500