distinguish between population and sample.
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The population is the set of entities under study. For example, the mean height of men. This is a hypothetical population because it includes all men that have lived, are alive and will live in the future. I like this example because it drives home the point that we, as analysts, choose the population that we wish to study. Typically it is impossible to survey/measure the entire population because not all members are observable (e.g. men who will exist in the future). If it is possible to enumerate the entire population it is often costly to do so and would take a great deal of time. In the example above we have a population "men" and a parameter of interest, their height.
Instead, we could take a subset of this population called a sample and use this sample to draw inferences about the population under study, given some conditions. Thus we could measure the mean height of men in a sample of the population which we call a statistic and use this to draw inferences about the parameter of interest in the population. It is an inference because there will be some uncertainty and inaccuracy involved in drawing conclusions about the population based upon a sample. This should be obvious - we have fewer members in our sample than our population therefore we have lost some information.
Instead, we could take a subset of this population called a sample and use this sample to draw inferences about the population under study, given some conditions. Thus we could measure the mean height of men in a sample of the population which we call a statistic and use this to draw inferences about the parameter of interest in the population. It is an inference because there will be some uncertainty and inaccuracy involved in drawing conclusions about the population based upon a sample. This should be obvious - we have fewer members in our sample than our population therefore we have lost some information.
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