Introductory Statistics: What Is A Parameter? (Includes Examples of Parameters and Populations)
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Introductory Statistics: What Is A Parameter? (Includes Examples of Parameters and Populations)
A parameter is a number that describes the population, the largest group of "individuals" that we are interested in making inferences on. ("individuals" = "observational units") Because a parameter describes the result of measuring every individual in a large group, it is hard to determine precisely. The video also provides examples of ...
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