Population Parameters vs Sample Statistics

Population parameters are calculated from a sample, while sample statistics are calculated from the entire population.

Population parameters and sample statistics are both calculated from the entire population.

Population parameters are calculated from the entire population, while sample statistics are calculated from a sample. (correct)

Population parameters and sample statistics are both calculated from a sample.

Population parameters are more accurate than sample statistics.

Population parameters are only applicable to small populations, while sample statistics are applicable to large populations.

Population parameters are calculated using a different formula than sample statistics.

Population parameters describe the entire population, while sample statistics describe a subset of the population. (correct)

Population parameters provide a more accurate representation of the population than sample statistics. (correct)

Population parameters are only used in small-scale research studies.

Population parameters help to estimate sample statistics.

Population parameters are used to calculate standard deviation.

<p>Characteristics of the entire population</p> Signup and view all the answers

<p>Summary measures calculated from a sample</p> Signup and view all the answers

<p>They help in making predictions about the population</p> Signup and view all the answers