document.write( "Question 875815: A manufacture of children toys claims that less than 3% of his products are defective. When 500 toys were drawn from a large production run, 5% were found to be defective.
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\n" ); document.write( "B)does the value 5% refer to parameter or statistics. Why?
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Algebra.Com's Answer #528425 by jim_thompson5910(35256)\"\" \"About 
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A) The 3% refers to the parameter because 3% is talking about the entire population proportion.\r
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\n" ); document.write( "\n" ); document.write( "B) The 5% is the statistic because 5% only is in reference to this particular sample (it is expected to vary from sample to sample, but hopefully be close to the parameter).
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