What is the difference between a parameter and a statistic

Posted By Admin @ September 03, 2022

Question:

What is the difference between a parameter and a statistic? A parameter is an aspect of an individual subject or object being measured. A statistic is a numerical measurement describing data from a sample. A parameter is an aspect of an individual subject or object being measured. A statistic is a numerical measurement describing data from a population. A parameter is a numerical measurement describing data from a sample. A statistic is an aspect of an individual subject or object being measured. A parameter is a numerical measurement describing data from a sample. A statistic is a numerical measurement describing data from a population. A parameter is a numerical measurement describing data from a population. A statistic is a numerical measurement describing data from a sample. A parameter is a numerical measurement describing data from a population. A statistic is an aspect of an individual subject or object being measured.

Answer:

Answer:

A parameter is a numerical measurement describing data from a population. A statistic is a numerical measurement describing data from a sample

Step-by-step explanation:

In statistics we have to deal with populations and samples to carry out our studies. A population is a large group under consideration and the elements or members of the population have some common features or attributes. For example, all the school going kids in a certain town will be considered a population. Sample on the other hand is a subset(a part) of the population. For example, all school going kids in the town aged 5-6 years will be considered a sample.

The term Parameter and Statistic are very similar as they represent some numeric description. Parameter represents the data of the entire population, while statistic represents that data of a sample. An easy way to remember this is to match the initials i.e. Parameter for Population and Statistic for Sample.

Considering this, we can say the correct answer is:

A parameter is a numerical measurement describing data from a population. A statistic is a numerical measurement describing data from a sample

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