VCE Together Year 12 Mathematical Methods: Population Parameters and Sample Statistics

Mathematical Methods

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Population Parameters and Sample Statistics

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?

The following two videos will answer all your questions. Part 1 looks specifically at populations and samples, while Part 2 compares a statistic and a parameter, and a population and a sample.

Part 1

 

Part 2

 

Want to learn more? Check out more of our VCE Mathematics resources here!

 

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