Briefly Describe the Difference Between a Parameter and a Statistic,and

question 2

Essay

Briefly describe the difference between a parameter and a statistic,and give an example of each.

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Definitions:

Conform

To behave or perform in a manner that aligns with set norms, regulations, or legal requirements.

Express Warranty

A clear and definite promise made by a seller about the quality or functionality of a product.

Proper Quality

refers to the standard of goods or services that meets the expectations and requirements set by regulatory bodies, industry standards, or customer expectations.

Merchants

Individuals or businesses engaged in the sale of goods and services, especially in the retail sector.