What term describes a fixed descriptive measure for an entire population?

Prepare for ASU's STP226 Elements of Statistics Exam 1. Enhance your statistical skills with multiple choice questions, detailed explanations, and practice materials. Master statistical concepts effectively!

A fixed descriptive measure for an entire population is referred to as a parameter. In statistics, a parameter represents a characteristic or measure obtained by using all the data points in a population. It is a definitive value that corresponds directly to the entire group in question.

For example, if you wanted to know the average income of all individuals in a country, that specific average would be a parameter because it applies to the whole population rather than a subset of it. This is distinct from a statistic, which is derived from a sample taken from the population and is subject to variability. The terms coefficient and mean, while related to statistical measures, do not specifically define a comprehensive measure of a population. The mean, specifically, refers to the average of a set of values, which can be calculated as either a parameter or a statistic, depending on whether it pertains to the entire population or just a sample. Thus, the term parameter is most accurately used to describe a fixed descriptive measure for an entire population.

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