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Why might the property tax revenue in a given year differ between the governmental funds statement of revenues, expenditures, and changes in fund balances and the governmental activities column of the statement of activities?
Population Parameter
Numeric values that summarize the characteristics of an entire population, such as mean or variance.
Average Age
The arithmetic mean of the ages of a group of individuals or items, calculated by adding all ages together and dividing by the number of individuals or items.
Sample Statistic
A sample statistic is a numerical measure that describes a characteristic of a sample, such as the mean or standard deviation, derived from data collected from a subset of a population.
Sample
A subset of individuals, items, or data taken from a larger population for the purpose of analysis.
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