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An alternative term for Inferential Statistics, see Inferential Statistics
The analysis of numerical data to provide information about the data that is being specifically analyzed. Contrast with Inferential Statistics that is used to draw conclusions about the broader population based on a sample drawn from the population.
An alternative name for Descriptive Statistics, see Descriptive Statistics
The use of statistics to draw conclusions about the broader population, based on the results obtained from a sample drawn from the population.
A statistical property of a population, such as the mean or standard deviation. The value of the parameter is estimated from a sample drawn from the population; thus the exact value of the parameter is never known with certainty. The equivalent properties of samples are known as 'statistics'.
A statistical property of a data set, such as the mean or standard deviation. The value of the statistic is calculated using all the members of the data set and is therefore known with certainty.
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