A summary measure that is computed to describe a characteristic of an entire population is called a parameter.
Descriptive statistics are those approaches that collect, present, and characterize a set of data in order to accurately describe the different properties of that set of data. A population characteristic can be estimated or a population decision can be made based solely on sample results, according to the definition of inferential statistics.
The totality of the items or things being considered constitutes a population.
The portion of the population that has been chosen for analysis is known as a sample.
A parameter is a summary measure that is computed to describe a characteristic of an entire population.
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