Determine the parameter or statistic, and explain your answer.

The Futures Company provides clients with research about maintaining and improving their business.
They use a web interface to collect data from between 1000 and 2500 potential customers using 30- to
40-minute surveys; 1650 out of 2500 potential customers in a sample show strong interest in a product.
The proportion of the sample who are interested is 66%.

For the following problem, identify the population and sample, variable of interest, and parameter
and statistic.

The average weekly allowance of students last year at a private high school was ₱600 per week, based
on an enrollment of 1080 students. The third-year students who did not have this information
interviewed 50 students and found their average weekly allowance last year to be ₱550.

Study the following problems and determine what is more appropriate to use – descriptive or
inferential statistics then provide an explanation for your answer.

Is the sales of a specific product improving or not?

Identify the following as qualitative or quantitative variables. If quantitative, classify whether discrete
or continuous. Also, indicate the minimum level of measurement required in each.

Number of shares sold in the stock market.