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✳ What is Population Attribute ?
➡ A Population attribute is the set of all the values of a quantity of interest; a population attribute is a number that summarizing an attribute of the population
Example: the population might be the set of all incomes of the individuals living in queens borough of new york. one parameter of that population is its mean, the mean income; another is the standard deviation of the incomes.
⚽ Additional information :-
- The mean is a single value that serves as a typical or representative value of the millions of values that might make up the population.
- The standard deviation is a single value that summarizes the variability within the population.
- A population attribute is useful because it is a single value that represents, imperfectly at times, some attribute of the large number of values within the population.
- Population attribute cannot readily be computed because one does not have easy access to the values that comprise the population.
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