The numerical measure of a population is called a population parameter, or simply a parameter. A parameter
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The numerical measure of a population is called a population parameter, or simply a parameter. A parameter is a constant even though its value may be unknown. The numerical measure of a sample is called a sample statistic, or simply a statistic. A statistic, such as the sample mean or the sample proportion, is a random variable whose value depends on the chosen random sample. L056
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Business Statistics Communicating With Numbers
ISBN: 9780071317610
1st Edition
Authors: Kelly Jaggia
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