Inference

Definition

Inference involves drawing conclusions or making predictions about a population based on sample data. It allows us to make generalizations and statements about a larger group using information from a smaller subset.

Related terms

Sampling Distribution: A sampling distribution is the distribution of sample statistics (e.g., means) obtained from multiple samples taken from the same population.

Confidence Interval: A confidence interval is an estimate range within which we believe the true population parameter lies with a certain level of confidence.

Hypothesis Testing: Hypothesis testing is a statistical method used to make decisions about whether there is enough evidence to support or reject a claim about a population parameter.