Question
Asked Oct 24, 2019
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A number resulting from the manipulation of raw data according to certain specified procedures
is called a:
(Parameter, Statistic, Sample, Population, Constant)?
 
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Expert Answer

Step 1

Parameter:

Any statistical measure based on all units in the population or computable characteristic of the population is called as parameter. In the random process, it is the probability of the process in the long-run.

Sample: A subset or portion of the population that is used to draw conclusions about the population is known as a sample.

Step 2

Statistic:

The sample statistic is the number that describes the sample that is obtained from summarizing the raw data. That is, any statistical measure calculated on the basis of sample observation is called Statisti...

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