I am having trouble grasping this concept. Here is an example from my book if anyone could help go through or explain it I would greatly appreciate it!
A candidate for a political office claims that he will win the election. A poll is conducted, and 35 of 150 voters indicate that they will vote for the candidate, 100 voters indicate that they will vote for his opponent, 15 voters are undecided.
What is the population parameter of interest?
What is the value of the sample statistic that might be used to estimate the population parameter?
A candidate for a political office claims that he will win the election. A poll is conducted, and 35 of 150 voters indicate that they will vote for the candidate, 100 voters indicate that they will vote for his opponent, 15 voters are undecided.
What is the population parameter of interest?
What is the value of the sample statistic that might be used to estimate the population parameter?