coursebook notes - chapter 6 - learning from data

Question 1

what is a statistical population?

Answer 1

any group of items that share certain attributes or properties

Question 2

what is a population parameter?

Answer 2

numeric value that describes a feature of the distribution of a variables in the population e.g. mean

Question 3

what is a point estimate?

Answer 3

a number that represents our best guess at the true value of the parameter