chegg what is the difference between a parameter and a statistic?
When we obtain the results from the Population, it is called a Parameter and when we obtain results from a Sample, it is called Statistic. Coming back to the difference, STATISTIC is the score of each individual or a singular data. STATISTICS is therefore, the process of designing, comparing, interpreting and analysing data. Statistics is concerned with the sample and not the population as population is almost impossible to reach.