02. Video: Descriptive vs. Inferential Statistics

Descriptive vs. Inferential Statistics

In this section, we learned about how Inferential Statistics differs from Descriptive Statistics .

Descriptive Statistics

Descriptive statistics is about describing our collected data .

Inferential Statistics

Inferential Statistics is about using our collected data to draw conclusions to a larger population .

We looked at specific examples that allowed us to identify the

  1. Population - our entire group of interest.
  2. Parameter - numeric summary about a population
  3. Sample - subset of the population
  4. Statistic numeric summary about a sample

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