BUSINESS ADMINISTRATION
BUSINESS ANALYTICS
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[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Detailed explanation-1: -Descriptive statistics summarize the characteristics of a data set. Inferential statistics allow you to test a hypothesis or assess whether your data is generalizable to the broader population.
Detailed explanation-2: -In a nutshell, descriptive statistics focus on describing the visible characteristics of a dataset (a population or sample). Meanwhile, inferential statistics focus on making predictions or generalizations about a larger dataset, based on a sample of those data.
Detailed explanation-3: -Difference Between Descriptive and Inferential Statistics Descriptive statistics is used to describe the characteristics of the population using a sample. Inferential statistics uses various analytical tools to draw inferences about the population using samples. Measures of central tendency and measures of dispersion.
Detailed explanation-4: -Descriptive statistics consists of three basic categories of measures: measures of central tendency, measures of variability (or spread), and frequency distribution. Measures of central tendency describe the center of the data set (mean, median, mode).