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The average amount spent by all first year students at a college this term would be a:
AParameter
BStatistic
CPrediction
DProjection
Answer & Solution
Correct answer: A. Parameter
1. It covers the whole group.
2. It is the population mean.
3. It is a parameter.
_Source: OpenStax Introductory Business Statistics 2e, Chapter 1, Sampling and Data._
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