One of the most basic and most important thing we can do in statistics is estimate population parameters. This video explains what population parameters are and how they are used to gain insight into the world around us.

NOTE: This StatQuest assumes are already familiar with...

...Histograms:    • StatQuest: Histograms, Clearly Explained  
...Statistical Distributions:    • The Main Ideas behind Probability Dis...  
...and the Normal Distribution:    • The Normal Distribution, Clearly Expl...  

...and if you want to learn more about Confidence Intervals, check out this 'Quest:    • Confidence Intervals, Clearly Explain...  

For a complete index of all the StatQuest videos, check out:
https://statquest.org/videoindex/

If you'd like to support StatQuest, please consider...

Buying The StatQuest Illustrated Guide to Machine Learning!!!
PDF https://statquest.gumroad.com/l/wvtmc
Paperback https://www.amazon.com/dp/B09ZCKR4H6
Kindle eBook https://www.amazon.com/dp/B09ZG79HXC

Patreon:   / statquest  
...or...
YouTube Membership:    / @statquest  

...a cool StatQuest tshirt or sweatshirt:
https://shop.spreadshirt.com/statques...

...buying one or two of my songs (or go large and get a whole album!)
https://joshuastarmer.bandcamp.com/

...or just donating to StatQuest!
https://www.paypal.me/statquest

Lastly, if you want to keep up with me as I research and create new StatQuests, follow me on twitter:
  / joshuastarmer  

Correction:
2:16 I meant to say 10 and 30. However, you should still get the point either way.

#statquest #statistics