Inferential Statistics
Inferential statistics is a branch of statistics that involves using sample data to make generalizations about a larger population. It is used to draw conclusions about a population based on a sample of data from that population. Inferential statistics involves hypothesis testing, where a null hypothesis is tested against an alternative hypothesis using statistical methods. It also involves estimation, where the value of a population parameter is estimated using sample data. Inferential statistics is used in various fields, including business, healthcare, social sciences, and more.
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