Population

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Population:

A population is the complete set of all items that interest an investigation or researcher. Population statistics is the use of statistics to analyze characteristics or changes to a population. It is related to social demography and demography. Population statistics can analyze anything from global demographic changes to local small scale changes. For example, an analysis of global change shows that population growth has slowed, infant mortality rates have declined and there have been small increases in the aged.

Sample:
A sample is a part of the population of interest, a sub-collection selected from a population.

All the students in BBA Department. All the stocks traded in DSE.

Parameter:
A parameter is a numerical measurement that describes a characteristic of a population, while a sample is a numerical measurement that describes a characteristic of a sample. In general, we will use a statistic to infer something about a parameter.

Statistics:
Statistics is the study of the collection, organization, and interpretation of data. It deals with all aspects of this, including the planning of data collection in terms of the design of surveys and experiments.

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