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education/statistics/Sampling.md
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@ -8,10 +8,7 @@
| Sample | A portion or subset of the population | | Sample | A portion or subset of the population |
| Parameter | A number that describes a characteristic of a *population* (*10%* of US senators voted for something) | | Parameter | A number that describes a characteristic of a *population* (*10%* of US senators voted for something) |
| Statistic | A number that describes a *sample* characteristic (*71%* of Americans feel that ...) | | Statistic | A number that describes a *sample* characteristic (*71%* of Americans feel that ...) |
A global consumer survey reported that 6% of US taxpayers used > A global consumer survey reported that 6% of US taxpayers used or owned cryptocurrency in 2020. The US government is interested in knowing if this percentage has increased. The University of Chicago surveys 1,004 taxpayers and finds that 13% have used or owned crypto in the past year (2021)
or owned cryptocurrency in 2020. The US government is
interested in knowing if this percentage has increased. The
University of Chicago surveys 1,004 taxpayers and finds that 13% have used or owned crypto in the past year (2021)
In the above example: In the above example:
- The *population* was *US taxpayers* - The *population* was *US taxpayers*