A. Identify the population, sample, parameter, statistic, variable, and data for this example. I. Population II. Sample III. parameter

MATLAB: An Introduction with Applications
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**Transcription for Educational Website:**

---

**1. EA Sports is interested in how much money, on average, their customers spend on in-game items. Using their records, they draw a sample of 10,000 customers and calculate each customer's average spending on in-game items.**

**A. Identify the population, sample, parameter, statistic, variable, and data for this example.**

   I. Population
   
   II. Sample
   
   III. Parameter

---

**Explanation:**

This text is part of a statistics educational exercise focusing on identifying key statistical concepts in a real-world context:

- **Population** refers to the entire group of individuals or instances about whom we seek information; in this case, all EA Sports customers.
- **Sample** is a subset of the population that is used to gather data; here, the sample consists of 10,000 EA Sports customers.
- **Parameter** is a numerical summary of a population.
- **Statistic** is a numerical summary of a sample, calculated for inferential purposes.
- **Variable** is the characteristic or measurement of interest; in this scenario, it's the average spending on in-game items.
- **Data** are the collected measurements or observations about the variable from the sample.
Transcribed Image Text:**Transcription for Educational Website:** --- **1. EA Sports is interested in how much money, on average, their customers spend on in-game items. Using their records, they draw a sample of 10,000 customers and calculate each customer's average spending on in-game items.** **A. Identify the population, sample, parameter, statistic, variable, and data for this example.** I. Population II. Sample III. Parameter --- **Explanation:** This text is part of a statistics educational exercise focusing on identifying key statistical concepts in a real-world context: - **Population** refers to the entire group of individuals or instances about whom we seek information; in this case, all EA Sports customers. - **Sample** is a subset of the population that is used to gather data; here, the sample consists of 10,000 EA Sports customers. - **Parameter** is a numerical summary of a population. - **Statistic** is a numerical summary of a sample, calculated for inferential purposes. - **Variable** is the characteristic or measurement of interest; in this scenario, it's the average spending on in-game items. - **Data** are the collected measurements or observations about the variable from the sample.
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