The relevant parameter of interest for this numerical variable would be the average filling weight of all cereal packages.
What is the standard deviation in statistics?
The standard deviation in statistics is a measure of the amount of variation or dispersion in a set of values. A low standard deviation indicates that the values are close to the set's mean, whereas a high standard deviation indicates that the values are spread out over a larger range.
If a machine that is programmed to package 1.20 pounds of cereal is being tested for its accuracy. in a sample of 36 cereal boxes, the sample mean filling weight is calculated as 1.22 pounds. the population standard deviation is known to be 0.06 pounds.
The parameter of interest is the average filling weight of all cereal packages.
Hence, the relevant parameter of interest for this numerical variable would be the average filling weight of all cereal packages.
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