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What is the difference between population parameters and sample statistic. Which one will you choose instead?

What is the difference between population parameters and sample statistic. Which one will you choose instead?
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Answer #1

The sample based data is called static. Like in an election 30% of the public wants to win X candidate.

static based on large sample which is generally found in percentage, other hand Parameter based on small quantities or population, that you can judge near to exact numbers. Like 90% of the people in a class like cricket.

Who I will select depends on the situation, if I want to work on a large population sample, I will choose the static and if I want to work on a small population, I will select the parameter so that I will be near my result I can reach.

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