any numerical values computed from population is called
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A Parameter is a value, usually a numerical value, that describes a Population. A Parameter may be obtained from a single measurement, or it may be derived from a set of measurements from the Population.
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Any numerical value computed from a population is called a parameter.
- A population is also called a parameter.
- A parameter is a value that describes the characteristics of the entire population as a population means.
- We cannot measure the exact value of population and this is the same with the parameter too.
- We do not know the real values of the parameter.
- There can be different types of parameters depending on the objects.
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