Topic: Parameter Vs Statistic
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Answers to Common Questions
What is a Parameter in Statistics?
A parameter is a measured quantity that is used to show correlation between two unrelated variables that would not otherwise be linked together. Read More »
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What is the difference between a parameter and a statistic?
A parameter is a number describing something about a whole population. eg population mean or mode. A statistic is something that describes a sample (eg sample mean)and is used as an estimator for a population parameter. (because samples sho... Read More »
Source: http://wiki.answers.com/Q/What_is_the_difference_between_a_parame...
What is the difference between statistics and parameters?
Parameter is any attribute Statistic are the measured values of a parameter. A statistic is a sample value such as the average height of a group of students. A parameter is a functional constant such as the mean of a normal distribution. St... Read More »
Source: http://wiki.answers.com/Q/What_is_the_difference_between_statisti...
More Common Questions
Answers to Other Common Questions
A point estimate is a single value (statistic) used to estimate a population value (parameter) true apex
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Source: http://wiki.answers.com/Q/What_sample_statistic_is_used_to_estima...
The statistical parameter is the context of the variable you are inte...
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Source: http://www.chacha.com/question/what-is-the-parameter-of-interest-...
50/50
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Source: http://wiki.answers.com/Q/What_are_the_Cheating_statistics_men_vs...
Parameter of Interest is a way to evaluate the measurem...
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Population parameter in statistics is simply a numerical survey o...
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A priori simply means "prior to", so it is something done prior to conducting your experiment. Post hoc means "after", so doing it after the study is complete. A parameter is a number associated with the the population, so an a priori param...
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Source: http://wiki.answers.com/Q/What_is_prior_parameter_v.s._post_hoc_p...
the standard rule of thumb is to use the t-statistic when the sample size is less than 30 or if the population standard deviation is unknown/estimated from sampling data and to use the z-statistic for 30 and above.
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Source: http://wiki.answers.com/Q/When_to_use_t_statistic_instead_of_z_st...