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The population information is called parameter while the corresponding sample information is known as
- a)Universe
- b)Inference
- c)Sampling design
- d)Statistics
Correct answer is option 'D'. Can you explain this answer?
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The population information is called parameter while the corresponding...
The population information is called parameter while the corresponding sample information is known as statistics. A statistic (singular) or sample statistic is a single measure of some attribute of a sample (e.g., its arithmetic mean value).
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The population information is called parameter while the corresponding...
Parameter vs Statistics:
Parameter and statistics are terms used in statistics to differentiate between population information and sample information.
Definition:
- Parameter: Parameter refers to a characteristic of a population. It is a fixed value and is usually unknown and cannot be measured directly.
- Statistics: Statistics, on the other hand, refers to a characteristic of a sample. It is a variable value that can be calculated from the sample data.
Example:
- For example, if we want to know the average income of all people in a country, the average income would be a parameter.
- If we take a sample of 100 people and calculate the average income of this sample, that average income would be a statistic.
Use in Inference:
- Parameters are important for making inferences about a population, as they provide information about the population as a whole.
- Statistics, on the other hand, are used to estimate parameters and make inferences about the population based on sample data.
Sampling Design:
- The process of selecting a sample from a population is known as sampling design.
- Sampling design is crucial in statistics as it determines how accurately the sample represents the population.
In conclusion, the population information is called a parameter, while the corresponding sample information is known as statistics. Understanding the difference between parameters and statistics is essential in statistical analysis and making inferences about populations based on sample data.
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The population information is called parameter while the corresponding sample information is known asa)Universeb)Inferencec)Sampling designd)StatisticsCorrect answer is option 'D'. Can you explain this answer?
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The population information is called parameter while the corresponding sample information is known asa)Universeb)Inferencec)Sampling designd)StatisticsCorrect answer is option 'D'. Can you explain this answer? for UGC NET 2024 is part of UGC NET preparation. The Question and answers have been prepared according to the UGC NET exam syllabus. Information about The population information is called parameter while the corresponding sample information is known asa)Universeb)Inferencec)Sampling designd)StatisticsCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for UGC NET 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The population information is called parameter while the corresponding sample information is known asa)Universeb)Inferencec)Sampling designd)StatisticsCorrect answer is option 'D'. Can you explain this answer?.
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