Inferential Procedures
Definition
Inferential procedures are statistical methods used to draw conclusions or make predictions about a population based on sample data. These procedures involve making inferences and generalizations from the sample to the larger population.
Analogy
Imagine you have a bag of M&M candies, but you can only eat a few of them. By looking at the colors and proportions of the candies you ate, you can infer what the entire bag might look like.
Related terms
Confidence Interval: A range of values that is likely to contain the true population parameter with a certain level of confidence.
Hypothesis Testing: A procedure where we test whether there is enough evidence to support or reject a claim about a population parameter.
Sampling Distribution: The distribution of statistics (e.g., means or proportions) obtained from multiple samples taken from the same population.
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