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education/statistics/Sampling.md
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@ -8,10 +8,7 @@
| 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) |
| Statistic | A number that describes a *sample* characteristic (*71%* of Americans feel that ...) |
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)
> 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)
In the above example:
- The *population* was *US taxpayers*