<h2>This should be Correct-</h2><h2 /><h3>Answer:</h3>
True
<h3>Explanation: </h3>
<u>A statistic is a characteristic of a sample, a portion of the target population. A parameter is a fixed, unknown numerical value, while the statistic is a known number and a variable which depends on the portion of the population.</u>
Parameter Definition: a quantity or statistical measure that, for a given population, is fixed and that is used as the value of a variable in some general distribution or frequency function to make it descriptive of that.
Population: The mean and variance of a population are population parameters.
Statistic Definiton: A statistic or sample statistic is any quantity computed from values in a sample that is used for a statistical purpose. Statistical purposes include estimating a population parameter, describing a sample, or evaluating a hypothesis. The average of sample values is a statistic.
