The Economics Department wants to determine the average income earned by all of their alumni (i.e. everyone who has ever gotten a degree in economics from UWI). The department sends out a survey to all alumni asking "What is your current income?" Approximately 30% of the alumni responded. Briefly (a few words only) answer and label the following questions:

(a) What is the population of interest?

(b) What is the parameter of interest?

Question

The Economics Department wants to determine the average income earned by all of their alumni (i.e. everyone who has ever gotten a degree in economics from UWI). The department sends out a survey to all alumni asking "What is your current income?" Approximately 30% of the alumni responded. Briefly (a few words only) answer and label the following questions:

(a)	What is the population of interest? 

(b)	What is the parameter of interest?

anonymous · Answer

Need more information

anonymous · Answer

well this is all the info i ot...it is a worded ansr i believe

anonymous · Answer

Then you gotta use your head.

anonymous · Answer

dont be smart because you cannot explain the anwer to me kmt

anonymous · Answer

I've been smart, I just can't help you here.

anonymous · Answer

exactly thank u

kropot72 · Answer

(a) The parent population is all holders of an economics degree from UWI.
(b) The parameter of interest is the mean value of the current income of all holders of an economics degree from UWI.