02. Video: 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