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:
Population Parameter Definition. Population Parameter is the characteristic of the population. Sample Statistic on the other hand, is a characteristic of the sample. Sample statistic is used to estimate the value of the Population parameter. The value of the statistic will change from one sample to another. So from the distribution of the sample statistic we draw conclusion about the population. A sample statistic need not be always a true value of the population parameter.