Are business owners able to stay focused? | Hootan Melamed
A Los Angeles-based entrepreneur and inventor, Hootan Melamed is passionate about creating products that will benefit people in the long run. Despite‌ ‌a‌ ‌highly successful pharmaceutical business,‌ ‌Hootan‌ ‌also‌ ‌enjoys‌ ‌developing‌ ‌innovative‌ ‌lifestyle‌ ‌products‌ ‌and‌ ‌is‌ ‌the‌ ‌creator‌ ‌of‌ ‌brands‌ ‌such‌ ‌as‌ ‌Happy‌ ‌Tush.

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What is the difference between parameter and statistic?

The major difference between parameter and statistic is that the parameter majorly and completely focuses on the entire population and its study. On the other hand, statistics focuses more on the sample-based analysing of the whole dataset. This can be simply understood as parameter studies the whole of the population and then draw a conclusion and at the same time statistics make an educated guess to make a sample and then study it to draw the ultimate conclusion out of the given big data as the population or the complete elements.

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