STATISTICAL TECHNIQUES AND TOOLS
INTRODUCTION OF STATISTICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A prediction has been made that the chance that a person will be robbed in a certain city is 15%.
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Inferential
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Descriptive
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -Tools of Inferential Statistics Hypothesis testing, confidence intervals, regression analysis, analysis of variance (ANOVA), and chi-square tests are examples of inferential statistics tools.
Detailed explanation-2: -But what’s the difference between them? 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.
There is 1 question to complete.