This question is about parameter vs statistic.

How do you know whether a number is a parameter or a statistic?

By Zippia Team - Dec. 7, 2022

A number is a parameter if it represents the entire population, and it's a statistic if it's a sample taken as a representation of the population. Therefore, in order to determine whether a number is a parameter or a statistic, you have to consider a few things.

One is the size of the number. The entire population is likely to be a very large number, while a statistic will be something far smaller. Second, the context around it. Does it describe an entire population or just a piece of it?

Lastly, the variables used surrounding it. Variables for a parameter are usually capital letters or Greek letters, while for a statistic, they're lowercase, often with diacritical marks.

How do you know whether a number is a parameter or a statistic?

Choose from 10+ customizable resume templates

Zippia allows you to choose from different easy-to-use templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.