a) Explain the difference between a statistic and a
parameter.
b) Is it possible to calculate a parameter? Why or why not?
c) Can you trust a statistic? Explain.
d) Will statistics change from one sample to another? Why or why
not?
Identify if population parament or sample statistic:
Is statement population parameter or sample statistic? If,
parameter, then identify population and parameter. If sample, then,
what is population, sample, and statistic?
A) North Carolina State’s rugby team scored an average of 29.8
points per game in the 2015 season.
B) Based on a new poll of 5000 citizens, they believe that 89% of
voters plan to cast their ballot for Mayor Green in the upcoming
election.
C) A calculating fanatic conducts...
Differentiate between a population and a sample, and a parameter
and a statistic. In your explanation, apply the concepts of
descriptive and inferential statistics. Provide specific examples
to illustrate each. Discuss why the ability to differentiate these
terms is critically important when interpreting research findings
related to public health.
Define the following pairs of terms and explain the similarity,
difference or relationship between the terms: a) Depreciation and
devaluation; b) Currency crisis and international financial crisis;
c) Internal balance and external balance; d) Debt rescheduling and
debt forgiveness; e) Hard peg and dollarization; f) Gold standard
and fixed exchange rate; g) Policy instruments and policy targets;
h) Country risk and currency risk
Define the following pairs of terms and explain the
similarity, difference or relationship between the
terms:
Expenditure changing and switching policies
Gold standard and gold exchange standard
Explain the important distinctions between each pair of terms: (a) mass and weight; (b) intensive and extensive properties; (c) substance and mixture; (d) systematic and random errors; (e) hypothesis and theory.