Population parameters and sample statistics in statistics distinguish between characteristics of a sample and an entire population.
Population Parameters and Sample Statistics:
In the context of statistics, a population parameter represents a numerical characteristic of an entire population, while a sample statistic represents a property of a sample taken from that population. For example, in a study involving 500 college students, the percentage of students who took calculus is a sample statistic because it is specific to the 500 students in the sample.
In contrast, if the study aimed to determine the percentage of all college students who took calculus, then that percentage would be a population parameter as it pertains to the entire population of college students, not just a sample.
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