Image by Gerd Altmann from Pixabay " In Statistics we study the Chances or Probabilities of Occurrence or Happening of an Event or Phenomenon. In the world of Statistical Analysis presenting the results with 100% strong evident is impossible " Introduction In general gaining the information regarding the characteristics of whole population is practically not possible. It incurs a lot of money, time, labor and other constraints. So we take a sample from the population, study about it's characteristics and try to draw conclusions or to estimate the population characteristics from it. For example, A doctor records the Blood Pressure(BP) readings of 100 patients suffering with Hypertension and computes the average(Sample average) of those readings. Doctor uses this sample average information to draw conclusion about the average Blood Pressure (Population average) of whole patients who are suffering from Hypertension. Parameter and Statistic The Statistical characte...