Quantitative Methods Questions
Statistical inference in statistics refers to the process of drawing conclusions or making predictions about a population based on a sample of data. It involves using various statistical techniques to analyze the sample data and make inferences about the larger population from which the sample was drawn. These inferences are made by estimating population parameters, such as means or proportions, and assessing the uncertainty or variability associated with these estimates. Statistical inference plays a crucial role in decision-making, hypothesis testing, and generalizing findings from a sample to a larger population.