Business Descriptive and inferential Statistic

Business Descriptive and inferential Statistic Discuss the following course elements:

Business Descriptive and inferential Statistic
Business Descriptive and inferential Statistic

Descriptive statistics inferential statistics Hypothesis development and testing Selection of appropriate statistical tests Evaluating statistical results. Must have a thesis statement. The field of statistics is divided into two major divisions: descriptive and inferential. Each of these segments is important, offering different techniques that accomplish different objectives. Descriptive statistics describe what is going on in a population or data set. Inferential statistics, by contrast, allow scientists to take findings from a sample group and generalize them to a larger population. The two types of statistics have some important differences.

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