Question

A large University offers its full-time employees a pension plan, wherein contributions made by the employees to their respective pension plans are matched by the University, up to some maximum amount for the year. In order to create a financial strategy for the future, the University would like to estimate the average yearly contributions made by their full-time employees. The financial planning branch of the University randomly selects 1000 full-time employees from the previous fiscal year, from which to estimate the average year contributions. Match each of the numbered items in the list with the numbers in the drop-down menus: - Population - Sample Parameter - Statistic 1. All of the yearly contributions to the pension plan, based on all of the full-time employees 2. The yearly contributions to the pension plan, based on the 1000 randomly selected full-time employees 3. The average yearly contribution to the pension plan, based on all the full-time employees. 4. The average yearly contribution to the pension plan, based on the 1000 randomly selected full-time employees.