Even at the height of Feverâs euphoria, grim reality keeps intruding, which is the filmâs plan of attack in a nutshell. Advertisement Actually, the reality on the dance floor is pretty grim, too.
A statistic and a parameter are very similar. They are both descriptions of groups, like â50% of dog owners prefer X Brand dog food.â The difference between a statistic and a parameter is that statistics describe a sample. A parameter describes an entire population. Watch the video or read the steps below:
However, a statistic, when used to estimate a population parameter, is called an estimator. For instance, the sample mean is a statistic that estimates the population mean, which is a parameter.