Basic Statistics: Tales of Distributions 10th Edition

Published by Cengage Learning
ISBN 10: 0-49580-891-1
ISBN 13: 978-0-49580-891-6

Chapter 1 - Introduction - Problems - Page 9: 1.2

Answer

A population consists of all the observations from the data set, whereas a sample consists of only a few observations. A function of the population is called a Parameter and a function of the sample is called a Statistic. Usually Population resembles Sample. We estimate a Parameter using Statistic.

Work Step by Step

A population consists of all the observations from the data set, whereas a sample consists of only a few observations. A function of the population is called a Parameter and a function of the sample is called a Statistic. Usually Population resembles Sample. We estimate a Parameter using Statistic.
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