April 2024
Intermediate to advanced
432 pages
16h 41m
English
Content preview from NTA CUET Mathematics With Fully Solved 2023 Papers by Pearson
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CHAPTER 13
Financial Mathematics
CHAPTER AT A GLANCE
Inferential Statistics
Population and Sample
A population is a group of all distinct individuals or objects that you want to draw conclusions about. The number of individuals/objects in a population is called population size.
In statistics, we commonly use a sample that is a small subset of a larger set of data for making inferences about the large set. Here larger set is the population out of which the sample is drawn.
Note:
- Every time the sample size is smaller than the population’s total size.
- The population refers to the entire group from which you want to draw conclusions.
Sampling
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