Inferential statistics

Inferential statistics,

Definition of Inferential statistics:

  1. 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?

  1. I was attempting to understand the situation best and I realized using numbers to learn is best so I chose inferential statistics .
  2. The study that was proposed by the local government made the decision to use inferential statistics with a group of 500 individuals.
  3. 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