Question 1179572
Here's the breakdown of the study components:

* **Population:** All home owners who have loans with the financial institution. This is the entire group that the institution wants to draw conclusions about.

* **Sample:** The 1000 home owners randomly selected by the financial institution. This is the subset of the population that is actually being studied.

* **Parameter:** The proportion of all home owners (the entire population) who qualify for the break in loan repayments. This is the unknown value that the institution wants to estimate.

* **Variable:** Whether or not a home owner qualifies for the break in loan repayments. This is the characteristic being measured for each home owner in the sample. It is a categorical variable (qualitative) with two categories: "qualifies" or "does not qualify".