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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Descriptive
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Inferential
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Either A or B
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None of the above
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Detailed explanation-1: -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.
Detailed explanation-2: -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-3: -It is used to describe the characteristics of a known sample or population. Measures of inferential statistics are t-test, z test, linear regression, etc. Measures of descriptive statistics are variance, range, mean, median, etc.