document.write( "Question 1179242: A manufacturer 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 defective.
\n" ); document.write( "Based on the above, identify the following: population of interest, Sample, Parameter and Statistics
\n" ); document.write( "

Algebra.Com's Answer #808808 by Boreal(15235)\"\" \"About 
You can put this solution on YOUR website!
The population of interest is the children's toys.
\n" ); document.write( "The sample is 500 toys chosen.
\n" ); document.write( "The parameter of interest is the true value of defective children's toys.
\n" ); document.write( "The statistic is that 5% of the toys in the sample were found defective.
\n" ); document.write( "
\n" );