Define a suitable population, variable/s, and the parameter of interest for the following study: A market researcher wishes to determine the market share of the four leading brands of cereal among children in Davao City who are 12 years old or younger What is the Population? Variable/s? K Parameter of Interest?

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Types of Bias

Statistics is the study of data collection, organization, analysis, interpretation, and presentation. Statistical bias is a characteristic of a statistical technique or its findings in which the expected value deviates from the actual root quantitative parameter being estimated. According to the actual definition of bias, it refers to the tendency of a statistic to overestimate or underestimate a parameter.