Which of the following statements best describes the relationship between parameters, statistics, and confidence intervals?
Group of answer choices
Parameters are calculated from sample data and used to estimate statistics, which are then used to create confidence intervals.
Parameters are fixed values that describe the population, while statistics are estimates of those values calculated from sample data, and confidence intervals represent the uncertainty in those estimates.
Confidence intervals are used to calculate both parameters and statistics, which are then used to describe the relationship between variables in a population.
Statistics are fixed values that describe the population, while parameters are estimates of those values calculated from sample data, and confidence intervals represent the uncertainty in those estimates.