In your oun wordh, dferetate the following stateical terminologen uth same eampiea Popuation Parameter and Semple StatisticDeserptive Statnses and interential SatheaE Nominal Sale and Ordinal Scae4 Primary Deta Sourn and Secondary Data Source

Answered: In your oun wordh, dferetate the…

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter10: Statistics

Section10.2: Representing Data

Problem 22PFA

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Population Parameter	Sample Statistic
1. It describes sample.	1. It describes population.
2. The numerical value can vary and it is known.	2. The numerical value is fixed and unknown.
3. Population mean is denoted by $μ$ .	3. Sample mean is denoted by $\bar{x}$ .
4. Population sd is denoted by $σ$ .	4. Sample sd is denoted by s.
5. Ex: The pop. mean income is $27,000	5. Ex: The sample avg. weight of 10 students is 62 kg.

Descriptive statistics	Inferential statistics
1. It summarizes the target pop.	1. It makes inferences from the sample and then generalizes them to the pop.
2. The purpose is to describe the situation.	2. The purpose is to explain the possibility of occurrence of an event.
3. The results are in the form of tables, charts or graphs.	3. The results are in the form of probabilities.
4. Ex: 60% of employees are male.	4. Ex: A CI can provide a range in which the pop. parameter is likely to fall. This information make generalization about the pop.

In your oun wordh, dferetate the following stateical terminologen uth same eampie a Popuation Parameter and Semple Statistic Deserptive Statnses and interential Sathea E Nominal Sale and Ordinal Scae 4 Primary Deta Sourn and Secondary Data Source