Which of the following statements are correct?
A. The measurable characteristic of a population is called parameter.
B. Sample is a subgroup of members of the population.
C. Population is a collection of all elements having the same characteristics.
D. The difference between a population parameter and a sample statistic is known as sampling error.
Choose the correct answer from the options given below:
Which of the following statements are correct?
A. The measurable characteristic of a population is called parameter.
B. Sample is a subgroup of members of the population.
C. Population is a collection of all elements having the same characteristics.
D. The difference between a population parameter and a sample statistic is known as sampling error.
Choose the correct answer from the options given below:
Solution
All four are standard definitions: a parameter summarises a population, a sample is a subgroup drawn from that population, a population is the full collection of elements sharing the defining characteristic, and the gap between a parameter and the corresponding sample statistic is precisely the sampling error.
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