Definition of Inferential statistics:
Mathematical methods that employ probability theory for deducing (inferring) the properties of a population from the analysis of the properties of a data sample drawn from it. It is concerned also with the precision and reliability of the inferences it helps to draw.
How to use Inferential statistics in a sentence?
- I was attempting to understand the situation best and I realized using numbers to learn is best so I chose inferential statistics .
- The study that was proposed by the local government made the decision to use inferential statistics with a group of 500 individuals.
- Consulting the inferential statistics on storm damage, Tom was able to create a model for the insurance company that would maximize profit by protecting premiums and defining the conditions of payout to a niche classification.
Meaning of Inferential statistics & Inferential statistics Definition