How Does Population Parameter Differ from Sample Statistic?

sample and population

When I first started learning about statistics, I often found myself confused by terms like โ€œpopulation parameterโ€ and โ€œsample statistic.โ€ They seemed pretty abstract, and I didnโ€™t see why I needed to know the difference. But understanding these concepts (without all the jargon) can actually make a huge difference when trying to make sense of … Read more