7.0% of the U.S. population has O- blood type. In a sample of 500 individuals from the U.S., it is found that 5.8% have Type O- blood type.
a. In this scenario, is the value 7.0% a parameter or a statistic?
b. In this scenario, is the value 5.8% a parameter or a statistic?
Out of 500 people of interest, 30% have blonde hair. 25 people are selected for a sample and 20% of those are found to have blonde hair.
c. In this scenario, is the value 30% a parameter or a statistic?
d. In this scenario, is the value 20% a parameter or a statistic?
Let us first understand difference between parameter and statistics
Parameters are numbers that summarize data for an entire population. Statistics are numbers that summarize data from a sample, i.e. some subset of the entire population.
1. Based on the above definition we find that
a. 7.0% is the U.S. population who blood group is O-
Hence 7.0% is a parameter.
b. Now 5.8% is based on the sample hence it is statistics.
2. Here population size is 500 and sample size is 25.
a. As 30% is based on the population it is parameter
b. As 20% is based on the sample it is statistics.
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