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Match List-I with List-II

List-IList-II
(A) The chance of observing a specific outcome in an experiment(I) Parameter
(B) A method used to estimate the population parameters(II) Estimation
(C) A value that describes an entire population(III) Statistic
(D) A measurable characteristic of a sample(IV) Probability distribution

Choose the correct answer from the options given below:

Solution

✅ Correct Option: 1

Understanding the terms in List-II:

(I) Parameter: A value that describes the entire population

(II) Estimation: A process or method of finding population values using sample data

(III) Statistic: A value calculated from a sample

(IV) Probability distribution: Shows the chances of different outcomes in an experiment


(A) The chance of observing a specific outcome in an experiment

This describes the chances or probability of outcomes, which corresponds to (IV) Probability distribution


(B) A method used to estimate the population parameters

The word "method" indicates a process, which corresponds to (II) Estimation


(C) A value that describes an entire population

The phrase "entire population" directly defines (I) Parameter


(D) A measurable characteristic of a sample

The word "sample" indicates (III) Statistic


The matching is:

(A) - (IV)

(B) - (II)

(C) - (I)

(D) - (III)

Therefore, the correct answer is Option 1.

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