Related Terms. A Rapid Application Development (RAD) system developed by Borland International, Inc. Delphi is similar to Visual Basic from Microsoft, but whereas Visual Basic is based on the BASIC programming language, Delphi is based on Pascal.
A parameter is a numerical value that states something about the entire population being studied. For example, we may want to know the mean wingspan of the American bald eagle. This is a parameter because it is describing all of the population. Parameters are difficult if not impossible to obtain exactly.
Parameters in statistics is an important component of any statistical analysis. In simple words, a parameter is any numerical quantity that characterizes a given population or some aspect of it. This means the parameter tells us something about the whole population.