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Consider the statements given below and select the correct statement(s)
1. Parametric statistics is a branch of statistics which assumes that sample data cames from a population that can be adequately modelled by a probability distribution that has a fixed set of parameters.
2. In a non-parametric model, the parameter set is not fixed and can increase, or even decrease, if new relevant information is collected.

Answer & Solution
Correct Answer: Option C
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