The value of the sample statistic is used to estimate what population measure?

The value of the sample statistic is utilized to estimate a population parameter because sample statistics serve as the basis for making inferences about the broader population from which the sample is drawn. For instance, if you collect data on the heights of students at UCF and calculate the average height (sample mean), you can use this sample statistic to estimate the average height of all UCF students (population parameter).

In statistical terms, parameters refer to specific characteristics or measures of a population, such as mean, median, and standard deviation. The process of using sample statistics to estimate population parameters is fundamental in inferential statistics, which allows researchers and analysts to draw conclusions beyond the immediate data they have collected.

The options related to the population median, population standard deviation, and population mode are specific types of population parameters; however, they do not encompass the broader concept of a parameter itself. Thus, referring to the population measure as a parameter is the most accurate response in the context of estimating population measures using sample statistics.