Estimation, Confidence Intervals, Hypothesis Testing
Introduction
Estimation and hypothesis testing come under inferential statistics. Inferential statistics is the process of using sample statistics to draw conclusions about the population parameters. Interference problems are those that involve inductive generalizations. For example, we use the statistics of the sample to draw conclusions about the parameters of the population from which the sample was taken. An example would be to use the average grade achieved by one class to estimate the average grade achieved in all ten sections of the same course. The process of estimating this average grade would be a problem of inferential statistics. In this case, any conclusion made about ...
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