Question: Reply to this thread with an example of a parameter and an example of an appropriate sample statistic that would estimate it. You may make
Reply to this thread with an example of a parameter and an example of an appropriate sample statistic that would estimate it. You may make these up. Include a full parameter definition. Refer to Defining a Parameter - Quick Reference for clarity on what is expected in a full parameter definition. You may spell out notation. Choose from the following:
- Single mean
- Single proportion
- Correlation
- Difference of means (define two parameters, one for each mean, and the statistic that is a difference of means)
- Difference of proportions (define two parameters, one for each proportion, and the statistic that is a difference of proportions)
Follow this model:
Parameter: rho = correlation between years of postsecondary education and income at age 40 for all adults in the US
Statistic: r = correlation between years of postsecondary education and income at age 40 for a sample of adults in the US.
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