key term - Inferential Statistics

Definition

Inferential statistics are procedures used that allow researchers to infer or generalize observations made with samples to the larger population from which they were drawn.

Related terms

Hypothesis Testing:

A statistical method that uses sample data to evaluate a hypothesis about a population parameter.

Confidence Interval: An estimated range of values which is likely to include an unknown population parameter.

P-value: In hypothesis testing, it's the probability that you would obtain the observed data if your null hypothesis were true.