Quatro Hermanas, Inc. is investigating implementing some new production machinery as part of its operations. Three alternatives have been identified, and they have the following fixed and variable costs: Annual Annual Variable Alternative Fixed Costs Costs per Unit A $100,000 $20.00 B $200,000 $5.00 C $150,000 $7.50
a. Determine the ranges of production (units produced per year) over which each alternative would be recommended up to 30,000 units per year.
b. Depict your solution from part (a) graphically, putting Total Cost ($) on the y-axis and unit produced per year on the x-axis, to show:
i. Accurate total cost lines for each alternative
ii. Any relevant breakeven, or crossover points in terms of costs between the alternatives.
iii. Ranges of annual production where each alternative is preferred. iv. Clearly label your axes

The value is a statistic.

The question states the results of a nation-wide survey.  

In statistics, ‘survey’ refers to an investigation of a sample with the intention of collecting information about the population by using statistical methods. A value that describes a sample is known as a statistic.

A ‘population’, on the other hand, is the whole. It includes every single person who is a part of a group. A value that describes the population is known as a parameter.

In this question, the population consists of all high-school students (grade 9 to grade 12), irrespective of whether they were a part of the survey.

Since the survey essentially works with a sample from the entire population, and the data given in the question (25% of respondents reported that someone had offered, sold, or given them an illegal drug on school property), is derived from (describes) a sample, the given value is a statistic.