Population Parameters and Sample Statistics is a part of the VCE Maths Methods topic Probability and Statistics.
This post looks at the distinction between a population parameter and a sample statistic and the use of the sample statistic to estimate the population parameter. A population parameter is a descriptive measure for an entire population, for example population size (N). This is compared to a sample statistic, which is a number or descriptive statistic derived from a section of a population.
So What is the Difference?
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