BACHELOR OF BUSINESS ADMINISTRATION

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BUSINESS ADMINISTRATION

BUSINESS ANALYTICS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The process of making estimates and drawing conclusions about one or more characteristics of a population through analysis of sample data drawn from the population is known as ____
A
inductive inference
B
deductive inference
C
statistical inference
D
Bayesian inference
Explanation: 

Detailed explanation-1: -Statistical inference is the procedure through which inferences about a population are made based on certain characteristics calculated from a sample of data drawn from that population.

Detailed explanation-2: -Inferential statistics is also a set of methods, but it is used to draw conclusions or inferences about characteristics of populations based on data from a sample. Statistical inference is the process of making an estimate, prediction, or decision about a population based on a sample.

Detailed explanation-3: -The process of using sample statistics to make conclusions about population parameters is known as inferential statistics. In other words, data from a sample are used to make an inference about a population.

Detailed explanation-4: -The process of using a sample to make inferences about a population is called statistical inference.

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