Suppose the percentage of all students on your campus who own a car is 48.2%. This value represents a parameter because it is a numerical summary of a population. Sup pose a sample of 100 students is...

Suppose the percentage of all students on your campus who own a car is 48.2%. This value represents a parameter because it is a numerical summary of a population. Sup pose a sample of 100 students is obtained, and from this sample we find that 46% own a car. This value represents a statistic because it is a numerical summary of a sample.