The parameter and the statistic respectively of the given distribution are;
Parameter; μ = 2.5003
Statistic; x-bar = 2.5009
Parameter and Statistic
We are told that;
- Population mean diameter; μ = 2.5003 cm
- Sample Mean diameter; x-bar = 2.5009 cm
Now, a parameter is defined as any measured quantity of a statistical population that describes an aspect of the population, such as a mean or standard deviation. These parameters are usually those that define the population such as population mean and population standard deviation.
However, the statistic is the number that describes a sample e.g, sample mean and sample standard deviation.
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