What is a parameter in statistics?
Understand the Problem
The question is asking for the definition of a parameter in the context of statistics. A parameter typically refers to a characteristic or measure of a population, such as the mean or standard deviation.
Answer
A parameter describes a characteristic of an entire population.
A parameter is a numerical characteristic of an entire population in statistics, such as a mean or standard deviation.
Answer for screen readers
A parameter is a numerical characteristic of an entire population in statistics, such as a mean or standard deviation.
More Information
Parameters are important in statistical analysis as they summarize population data. They can include metrics like mean, median, variance, or proportion.
Tips
Mistaking parameters for statistics, which are measures obtained from samples and not the full population, is common.
Sources
- Parameter vs Statistic | Definitions, Differences & Examples - Scribbr - scribbr.com
- Statistical parameter - Wikipedia - en.wikipedia.org
- What is a Parameter in Statistics? - statisticshowto.com
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