Statistical parameter: Difference between revisions

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{{Short description|Quantity that indexes a parametrized family of probability distributions and paramater the Manual System}}
{{Other uses|Parameter (disambiguation)}}
{{redirect|True value|the company|True Value|the logical value|Truth value}}In [[statistics]], as opposed to its general [[parameter|use in mathematics]], a '''parameter''' is any quantity of a [[statistical population]] that summarizes or describes an aspect of the population, such as a [[mean]] or a [[standard deviation]]. If a population exactly follows a known and defined distribution, for example the [[normal distribution]], then a small set of parameters can be measured which provide a comprehensive description of the population and can be considered to define a [[probability distribution]] for the purposes of extracting [[Sample (statistics)|sample]]s from this population.