- Distinguish between a statistic and a parameter.
- A parameter is a number that describes a population.
- [latex]p[/latex] represents the parameter, a population proportion.
A sample is a specific subgroup of a population. We use samples to make inferences or judgments about a population.
- A statistic is a number that we calculate from a sample.
- [latex]\hat{p}[/latex] is the notation for a sample proportion, a statistic.