
These four terms are fundamental in statistics because they help us understand how data is collected and how conclusions are drawn.
These four terms are fundamental in statistics because they help us understand how data is collected and how conclusions are drawn.
A population is the entire group of individuals, items, or observations that we want to study.
A sample is a small part of the population selected for study. Because studying the entire population is often costly or impossible, we study a sample instead.
A parameter is a numerical value that describes a characteristic of the population.
A statistic is a numerical value calculated from the sample.
| Concept | Meaning | Based On | Example |
|---|---|---|---|
| Population | Entire group of interest | All individuals | All students in a school |
| Sample | A part of the population | Selected group | 100 students chosen from the school |
| Parameter | Numerical value describing population | Population data | True average height of all students |
| Statistic | Numerical value describing sample | Sample data | Average height of 100 sampled students |
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