Select True or False from each pull-down menu, depending on whether the corresponding statement is true or false.

? True False  1. A summary measure that is computed from a population is called a parameter.

? True False  2. A summary measure that is computed from a sample to describe a characteristic of a population is called a statistic.

? True False  3. In a sample of 500 students at a university, 12% of them are accounting majors. The 12% is an example of statistical inference.

? True False  4. Conclusions and estimates about a population based on sample data are not always going to be correct. For this reason measures of reliability, such a significance level and confidence level, should be built into the statistical inference.