Inferential Statistic

Definition

Inferential statistics are used to make inferences or draw conclusions about a population based on sample data. They help researchers determine if the results they found in their study are likely to be true for the larger population.

Related terms

Descriptive Statistics:

These are used to summarize and describe data from a sample or population.

Hypothesis Testing:

This is a statistical method that helps researchers determine whether their findings are statistically significant or just due to chance.

Confidence Interval: It is a range of values within which we can confidently say that the true value lies, based on our sample data.