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Chapter 1: Problem 2

Give a brief definition of the terms population and sample.

Short Answer

Expert verified
A population refers to the whole set of items or individuals for which data can be collected, while a sample is a representative subset of the population, chosen as it is more practical, manageable and cost-efficient than analyzing the entire population.

Step by step solution

01

- Define Population

In statistics, a population is defined as the complete set of individuals, items, or data from where a statistical sample can be drawn. It may refer to a group of existing individuals (such as a nation's population) or to a potentially infinite group of individuals (like future workers).
02

- Define Sample

A sample in statistics is a representative subset of a population. It is a smaller group selected from a larger population. The purpose of a sample is to gain insights about the population in a manageable, practical and cost-effective way.

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