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:
Other differences have to do with nomenclature, notation, and computations. For example, A a measurable characteristic of a population, such as a mean or standard deviation, is called a parameter; but a measurable characteristic of a sample is called a statistic. We will see in future lessons that the mean of a population is denoted by the symbol Î¼; but the mean of a sample is denoted by the symbol x.