Which of the following statements about statistics and parameters is true?
Which of the following statements about statistics and parameters is true?
Statistics are more reliable than parameters.
Statistics are typically knowable, whereas parameters are typically unknown
Parameters are easier to measure than statistics.
Parameters are typically knowable, whereas statistics are typically unknown
Homework Answers
1)
Parameters are values related to the population which is why they are usually unknown and statistics are values related to the sample which is why they are usually knowable.
Hence option B is the correct option.
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Which of the following statements about statistics and parameters is true?
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