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What is the difference between a parameter and a statistic?

Answer:

A parameter is a number describing something about a whole population. eg population mean or mode.
A statistic is something that describes a sample (eg sample mean)and is used as an estimator for a population parameter. (because samples should represent populations!)

First answer by ID2093297563. Last edit by ID2093297563. Question popularity: 18 [recommend question].

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