Consider the statements given below and select the correct statement(s)
1. Parametric statistics is a branch of statistics which assumes that sample data cames from a population that can be adequately modelled by a probability distribution that has a fixed set of parameters.
2. In a non-parametric model, the parameter set is not fixed and can increase, or even decrease, if new relevant information is collected.
Consider the statements given below and select the correct statement(s)
1. Parametric statistics is a branch of statistics which assumes that sample data cames from a population that can be adequately modelled by a probability distribution that has a fixed set of parameters.
2. In a non-parametric model, the parameter set is not fixed and can increase, or even decrease, if new relevant information is collected. Correct Answer Both 1 and 2
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Feb 20, 2025
