# Probability vs. Statistics; Variable vs. Parameter

Not what you're looking for? Search our solutions OR ask your own Custom question.

1. Determine if this is an example of probability or statistics:

The average home price in one particular U.S. city is $214,000.

2. Determine if this is an example of a variable or a parameter:

79.6% of Americans own at least one vehicle.

https://brainmass.com/statistics/probability/probability-vs-statistics-variable-vs-parameter-414679

#### Solution Preview

1. Statistics

Probabilities express likelihood, whereas statistics are facts/calculations based on ...

#### Solution Summary

The solution explains why the given examples are probability vs. statistics or variable vs. parameter.

$2.49