Is this statement true or false?"Parameters" relate to populations, while "statistics" relate to samples.

Analysis of the Statement

1. Understanding Parameters and Statistics:

   • Parameters are numerical values that summarize data for an entire population. They are typically unknown and fixed.
   • Statistics, on the other hand, are numerical values that summarize data from a sample drawn from that population. They are variable and used to estimate the parameters.

2. The Relationship:

   • The statement claims that "Parameters" relate to populations, while "statistics" relate to samples. This reflects the fundamental principle of statistical analysis where parameters describe population characteristics and statistics describe sample characteristics.

Verification of the Statement

• Given that parameters define the population and statistics define sample characteristics, the statement accurately portrays the relationship between these two concepts in statistics.

Conclusion

The statement is True.