Which of the following is correct?
A) Parameters describe population characteristics.
B) Parameters describe sample characteristics.
C) The population is a subset of the sample.
D) Statistics must be based on a simple random sample.

Question

Quizplus · Accepted Answer

Parameters are numerical measures that describe the characteristics of a population, such as the mean or standard deviation. In contrast, statistics are numerical measures that describe the characteristics of a random sample drawn from the population, such as the sample mean or sample standard deviation.

Which of the Following Is Correct