A parameter describes a population characteristic, while a statistic represents a sample characteristic. In this case, the value obtained is a parameter as it reflects the entire population of car owners.
Parameter is a numerical measurement describing some characteristic of a population, while a statistic is a numerical measurement describing some characteristic of a sample. In the given scenario where a study was conducted of all car owners in a country, the value obtained represents a parameter because it pertains to the entire population of car owners.
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