What is the difference between a parameter and a statistic?

Understand the Problem

The question is asking for the distinction between two statistical concepts: 'parameter' and 'statistic'. This involves explaining their definitions and roles in statistical analysis.

Answer

A parameter is a characteristic or measure obtained from a population, while a statistic is a characteristic or measure obtained from a sample.

The final answer is A parameter is a characteristic or measure obtained from a population, while a statistic is a characteristic or measure obtained from a sample.

Answer for screen readers

The final answer is A parameter is a characteristic or measure obtained from a population, while a statistic is a characteristic or measure obtained from a sample.

More Information

In statistics, it's important to distinguish between these two because parameters are usually unknown and are estimated using statistics derived from sample data.

Tips

A common mistake is to confuse parameters with statistics due to their close relationship; remember, parameters pertain to populations, and statistics pertain to samples.

Thank you for voting!
Use Quizgecko on...
Browser
Browser