Identify the population, sample, parameter, and statistic from the following study: According to an article in Fortune (Dec. 28, 1992), 401 (k) plans permit employees to shift part of the before-tax salaries into investments such as mutual funds. Employers typically match 50% of the employees' contribution up to about 6% of salary. One company, concerned with what it believed was low employee participation rate in its 401(k) plan, sampled 30 other companies with similar plans and asked for their 401(k) participation rates. Population: The 401(k) participation rates for companies with similar plans Sample: Companies with similar plans Parameter: The 30 companies surveyed

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Identify the population, sample, parameter, and statistic from the following study:
According to an article in Fortune (Dec. 28, 1992), 401 (k) plans permit employees to shift part of their
before-tax salaries into investments such as mutual funds. Employers typically match 50% of the
employees' contribution up to about 6% of salary. One company, concerned with what it believed was a
low employee participation rate in its 401(k) plan, sampled 30 other companies with similar plans and
asked for their 401(k) participation rates.
Population: The 401(k) participation rates for companies with similar plans
Sample: Companies with similar plans
Parameter: The 30 companies surveyed
Statistic: 50% of the employees' contribution
|x
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Transcribed Image Text:Identify the population, sample, parameter, and statistic from the following study: According to an article in Fortune (Dec. 28, 1992), 401 (k) plans permit employees to shift part of their before-tax salaries into investments such as mutual funds. Employers typically match 50% of the employees' contribution up to about 6% of salary. One company, concerned with what it believed was a low employee participation rate in its 401(k) plan, sampled 30 other companies with similar plans and asked for their 401(k) participation rates. Population: The 401(k) participation rates for companies with similar plans Sample: Companies with similar plans Parameter: The 30 companies surveyed Statistic: 50% of the employees' contribution |x Question Help: D Post to forum Submit Question -xt Page
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