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Concept
Population Parameter
A
population parameter
is a
numerical value
that describes a
characteristic of a population
, such as a mean or
standard deviation
, and is often unknown and
estimated through sample statistics
. Understanding
population parameter
s is crucial for making
inferences about the entire population
based on
sample data
, which is a fundamental aspect of
inferential statistics
.
Relevant Degrees
Statistics 70%
Probability and Statistics 30%
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