Statistics question...?

Question

What is the difference between Statistics and Parameter, is one more important than the other? Do they change?

Answer 1

Suppose you to find average of something from a huge lot

Whaever method you adopt to reduce the work of adding everything and finding the the average will result in staistic
But what actually the value is the the parameter
but IN REALITY you can never find a parameter
we can say it is the one expected by design
{ for convenience I take A.M. alone to explain}

Answer 2

Parameters are characteristics (typically numeric) of a population. It is typically unknown becase populations tend to be large and it is usually hard or impossible to take every value in the population into account. Parameters are constant.

Statistics are characteristics (typically numeric) of a sample. They are used to estimate parameters, since samples are easier to get than to look at the entire population. Statistics will be different for the different samples that you can take.

I would say that parameters are more important than statistics in the sense that we typically are trying to estimate population parameters.

Answer 3

parameter is taken from the population, but the statistics is taken from the sample of the population. ex of parameter:- variance, mean.
ex of statistics:- S for standard deviation

Answer 4

parameters pertain to populations while statistics pertain to samples and are estimates of parameters.