The value that is used to estimate the value of the population parameter is the sample statistic. Hence, option (c) is the correct answer.
A sample statistic is a piece of statistical information that is obtained from a fraction of the population. Just as its name suggests, it is computed from our sample data to help provide us insight into the population parameters.
A sample is a fraction of a given population. Once one has a sample, one can calculate various statistics about the sample, like median, average, or deviation. This can help one draw inferences about large populations using small samples.
A sample statistic is a random variable. Thus, it has an associated probability distribution, called the sampling distribution. The nature of the sampling distribution is essential in determining the properties of the sample statistic.
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