Inferential Statistics
Inferential statistics help us make predictions and inferences about a population based on a sample of data drawn from that population. 🐸✨ With methods like hypothesis testing, regression analysis, and confidence intervals, statisticians can determine trends and probabilities within data sets.
Key Concepts:
- Hypothesis Testing: A method to test an assumption regarding a population parameter.
- Confidence Intervals: A range of values from sample data that is likely to contain the value of an unknown population parameter.
- Regression Analysis: A set of statistical processes for estimating the relationships among variables.
Explore more in the delightful world of statistics and master the art of data interpretation with our resources!
