SOLUTION: Based on a recent survey of adults in 75,000 households, the U.S. Labor Department reported an unemployment rate of 3.4%. The margin of error was 0.1 percentage point. The sample s

Algebra ->  Probability-and-statistics -> SOLUTION: Based on a recent survey of adults in 75,000 households, the U.S. Labor Department reported an unemployment rate of 3.4%. The margin of error was 0.1 percentage point. The sample s      Log On


   

Question 701284: Based on a recent survey of adults in 75,000 households, the U.S. Labor Department reported an unemployment rate of 3.4%. The margin of error was 0.1 percentage point. The sample statistic for the study is?
Answer by jim_thompson5910(35256) About Me  (Show Source):
You can put this solution on YOUR website!
The sample statistic is the 3.4% unemployment rate

It is not the population statistic because of errors (not all samples will capture the population perfectly), but it should be a close approximation.