The study of statistics is generally divided into two branches: descriptive statistics and inferential statistics. Descriptive statistics
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The study of statistics is generally divided into two branches: descriptive statistics and inferential statistics. Descriptive statistics refers to the summary of a data set in the form of tables, graphs, or the calculation of numerical measures. Inferential statistics refers to extracting useful information from a sample to draw conclusions about a population.
A population consists of the complete collection of items with the characteristic we wish to understand. A sample is a subset of the population of interest. P-7
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Related Book For
Business Statistics Communicating With Numbers
ISBN: 9780071317610
1st Edition
Authors: Kelly Jaggia
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