The three basic parts of the percentage formula are the ___________ , ___________ , and

Statistics: Ch. 1 Important Definitions • Statistics—Numerical description of data • Population—A set of all subjects or elements about which we are interested in making inferences • Frame—A list containing all members of a population o Very expensive to make, would just be names • Census—Data that’s gathered from the entire population o Things like average income, number of children et cetera • Parameters—Population parameters are facts about the entire population • Sample—A subset of the population from which data is gathered and used to gain insight into the population • Sample Statistic—A fact of characteristic of the sample Ex. 1: We are interested in avg. income of 5000(5000 ) random US citizens. *Can’t go find first 5000 people in Clemson because that’s not geographically random! ▯ Population: US Citizens ▯ Sample: 5000 random US citizens