Understanding the Difference Between Population and Sample

Introduction : In the world of statistics, we often hear about populations and samples. These terms are crucial for understanding how data is collected and analyzed. In this blog post, we will explore the difference between a population and a sample, using simple language and relatable examples. So, let's dive in! Population : A population refers to the entire group of individuals, objects, or events that we want to study or make conclusions about. Imagine you have a jar filled with colorful candies, and you want to know the average number of candies in the jar. The population, in this case, would be all the candies in the jar. Sample : A sample is a smaller group or subset selected from the population. Continuing with the candy jar example, you might not have enough time or resources to count all the candies. So, you decide to take out a handful of candies and count them. That handful of candies represents your sample. K...