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: https://www.youtube.com/watch?v=qBigTkBLU6g ...Statistical Distributions: https://www.youtube.com/watch?v=oI3hZJqXJuc ...and the Normal Distribution: https://www.youtube.com/watch?v=rzFX5NWojp0 ...and if you want to learn more about Confidence Intervals, check out this 'Quest: https://www.youtube.com/watch?v=TqOeMYtOc1w For a complete index of all the StatQuest videos, check out: https://statquest.org/video-index/ 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: https://www.patreon.com/statquest ...or... YouTube Membership: null ...a cool StatQuest t-shirt or sweatshirt: null ...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: https://twitter.com/joshuastarmer Correction: 2:16 I meant to say 10 and 30. However, you should still get the point either way. #statquest #statistics