In your own words, define and give an example of each of the following terms when used in basic statistical computing:
(a) Value
(b) Variable
(c) Sample
(d) Population
(e) Parameter
(f) Statistic
(g) Statistical inference
(h) Data
Answer (2)
Statistical terms like value , variable , and population are foundational to understanding data analysis. A sample is a subset of a population , and we use statistics to infer characteristics about the larger group. Each of these terms plays a critical role in performing and interpreting statistical analysis. ;
Key statistical terms include value (specific observations), variable (characteristics that vary), sample (subset of a population for analysis), population (entire group of interest), parameter (population characteristic), statistic (sample characteristic), statistical inference (conclusions about populations), and data (collected observations). Understanding these terms is crucial for effective data analysis and interpretation.
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