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Question
what is the difference between a parameter and a statistic? a parameter is a numerical description of a dropdown characteristic. a statistic is a numerical description of a dropdown characteristic.
In statistics, a parameter is a numerical description of a population characteristic (it describes the entire group we are interested in). A statistic is a numerical description of a sample characteristic (it describes a subset of the population, the sample, which is used to make inferences about the population).
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First blank: population
Second blank: sample