Inferences
Definition
Inferences in statistics refer to drawing conclusions or making predictions about a population based on sample data.
Analogy
Imagine you have a bag of different colored candies, but you can only see a few of them. Based on the ones you can see, you make an inference about the colors of all the candies in the bag.
Related terms
Sampling: The process of selecting a subset (sample) from a larger group (population) to gather information and make inferences.
Hypothesis Testing: A statistical method used to test assumptions or claims about a population based on sample data.
Margin of Error: The range within which we expect the true population parameter to fall, accounting for sampling variability.
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