An analyst obtains the salaries of all 200 federal appeals court judges in 2017 and computes the mean salary to be $215,000. the $215,000 is a parameter.
What is a parameter?
- A parameter is used to describe the entire population under consideration.
- For example, we may be interested in the average length of a butterfly.
- This is a parameter since it contains information about the entire butterfly population.
- An arbitrary constant whose value identifies a system member (such as a family of curves) is a measure that describes a statistical population (such as a mean or variance).
- A named variable supplied into a function is referred to as a parameter.
- Arguments are imported into functions using parameter variables.
Therefore, an analyst obtains the salaries of all 200 federal appeals court judges in 2017 and computes the mean salary to be $215,000. the $215,000 is a parameter.
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