Examlex
Small businesses actually create more jobs than the number of jobs big businesses create.
Parameter
A characteristic or measure that can define or summarize a particular aspect of a statistical population or model.
Estimation
The process of finding an approximate value of some parameter—such as a mean or proportion—of a population, based on random sample data.
Population Parameters
Numeric values that summarize and describe characteristics of an entire population, such as mean, variance, or proportion.
Sample Statistics
Refers to the numerical data collected from a subset of a population, used to estimate the characteristics of that entire population.
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