What is the important difference between Parameters and Statistics? Parameters are knowable, but statistics are typically unknown. Statistics are knowable, but parameters are typically unknown Statistics are more reliable than parameters. Parameters are easier to measure than statistics.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.6: Regression And Median-fit Lines
Problem 4GP
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What is the inmportant difference between Parameters and Statistics?
Parameters are knowable, but statistics are typically unknown.
Statistics are knowable, but parameters are typically unknown
Statistics are more reliable than parameters.
Parameters are easier to measure than statistics.
Transcribed Image Text:What is the inmportant difference between Parameters and Statistics? Parameters are knowable, but statistics are typically unknown. Statistics are knowable, but parameters are typically unknown Statistics are more reliable than parameters. Parameters are easier to measure than statistics.
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