STATISTICAL TECHNIQUES AND TOOLS
SAMPLING DISTRIBUTION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Parameter is the numerical characteristic of ____
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Sample
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Population
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Standard Deviation
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Variance
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Explanation:
Detailed explanation-1: -A parameter is a numerical description of a population characteristic. A statistic is a numerical description of a sample characteristic. Descriptive statistics refers to methods for summarizing the data collected. Inferential statistics involves using data from a sample to make conclusions about a population.
Detailed explanation-2: -Characteristics: A parameter is an unknown FIXED number. It is unknown because it describes a large population (where it is impossible to obtain data from the entire population). Therefore, although there exists an exact numerical value for the parameter, statisticians must estimate for it using a statistic.
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