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When a statistic is used to estimate a parameter, it is referred to as an ''.

Question

When a statistic is used to estimate a parameter, it is referred to as an ''.

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Solution

When a statistic is used to estimate a parameter, it is referred to as an 'Estimator'.

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A parameter is a characteristic, like mean or median, that describes the population, while a statistic is a characteristic that describes a sample.

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What is the difference between a parameter and a statistic?A parameter is a numerical measurement describing data from a population. A statistic is a numerical measurement describing data from a sample.A parameter is a numerical measurement describing data from a population. A statistic is an aspect of an individual subject or object being measured.    A parameter is a numerical measurement describing data from a sample. A statistic is a numerical measurement describing data from a population.A parameter is an aspect of an individual subject or object being measured. A statistic is a numerical measurement describing data from a sample.A parameter is a numerical measurement describing data from a sample. A statistic is an aspect of an individual subject or object being measured.A parameter is an aspect of an individual subject or object being measured. A statistic is a numerical measurement describing data from a population.

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