STATISTICAL TECHNIQUES AND TOOLS
SAMPLING DISTRIBUTION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is the best example of statistic?
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Mean
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Population variance
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Sample Standard Deviation
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Variace
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Explanation:
Detailed explanation-1: -Statistics are numbers that describe the properties of samples. For example, the average income for the United States is a population parameter. Conversely, the average income for a sample drawn from the U.S. is a sample statistic. Both values represent the mean income, but one is a parameter vs a statistic.
Detailed explanation-2: -A sample statistic (or just statistic) is defined as any number computed from your sample data. Examples include the sample average, median, sample standard deviation, and percentiles.
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