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Estimating Population Parameters

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Presentation on theme: "Estimating Population Parameters"— Presentation transcript:

1 Estimating Population Parameters

2 Symbols for some of the common characteristics
A parameter is any numerical characteristic of a population. Eg. Population proportion, population mean, population standard deviation A statistic is a numerical characteristic calculated from a sample Eg. Sample proportion, sample mean, sample standard deviation Symbols for some of the common characteristics Characteristic Sample statistic symbol Population parameter symbol Mean “mu” Proportion p “pi” Standard deviation s “sigma”

3 Copy the following, filling in the correct words from the list below
When organisations require………….they either use data collected by somebody else (secondary data), or collect it themselves (primary data). This is usually done by …………, that is collecting data from a …………….. sample of the …………… they are interested in. If it is of any use, the sample must represent the whole population we are interested in and not be ………… in any way. The point of collecting data is to deduce information about the entire population, this is called making …………. data sampling representative population biased inferences Sampling inferences data Population representative biased


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