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Example 1.1: A manufacturer of smart cards claims that less than 2% of its products are...

Example 1.1: A manufacturer of smart cards claims that less than 2% of its products are defective. When 400 smart cards were drawn from a large production, 1.6% were found to be defective.

Regarding Example 1.1 above, does the value 2% refer to the parameter or to the statistic? Select one: a. Parameter b. Statistic

Math   Statistics-And-Probability   
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