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:
The mean wingspan of the 100 eagles that we caught is a statistic. The value of a parameter is a fixed number. In contrast to this, since a statistic depends upon a sample, the value of a statistic can vary from sample to sample. Suppose our population parameter has a value, unknown to us, of 10. One sample of size 50 has corresponding statistic with value 9.5.