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What Is Statistic?

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    Statistic is basically the result which we get by applying a function or statistical algorithm to a set of data.

    It is a function of a sample where the function itself is totally independent of the distribution of the sample. It is used for the function as well as the value of the function of a given sample.

    It is used as an estimator in statistical inference. It is also used to estimate the parameters of a distribution of a given sample. For example the mean of the sample is a statistic whereas the mean of the population is a parameter.

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    Lily_j 

    answered 1 year ago

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