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#reading-8-statistical-concepts-and-market-returns
Hint: One way to easily remember these terms is to recall that "population" and "parameter" both start with a "p," and "sample" and "statistic" both start with a "s."

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Subject 1. The Nature of Statistics
le, and by definition, we will always know the values within our sample. Ascertaining this information is the purpose of samples. Sample statistics will always be known, and can be used to estimate unknown population parameters. <span>Hint: One way to easily remember these terms is to recall that "population" and "parameter" both start with a "p," and "sample" and "statistic" both start with a "s." Inferential statistics generally require that sampling be random although some types of sampling (such as those used in voter polling) seek to make the sample as representat


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