Statistical Analysis

Definition

Statistical analysis involves collecting, organizing, analyzing, interpreting, and presenting data to make informed decisions or draw conclusions about a population based on sample data.

Related terms

Descriptive Statistics: Descriptive statistics summarize and describe important features or characteristics of a dataset.

Inferential Statistics: Inferential statistics involve making predictions or generalizations about a population based on sample data.

Hypothesis Testing: Hypothesis testing is used to determine if there is enough evidence to support or reject a claim about a population parameter.