How do a parameter and a statistic differ? Choose the correct answer below.
1 answer:
Answer:
B.
Step-by-step explanation:
A parameter is a summary measure computed to describe a characteristic of the population and it involves the measurement of all in the population numerically/quantitatively. e.g Average of all the values measured in the population
A statistic is a measurement based on sample observations.
Examples of statistics constructed from a random sample : [
(a) max
(b) Average of the observed values
(c) Range = max - min
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