Tag: inferential statistics
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5 Statistics Concepts Everyone Should Know
If you’re like me, you never really got much exposure to statistics in school. It wasn’t until I started my degree in analytics that I really began to delve deep into what statistics really is and why it matters so much in our lives. Given the importance of statistics, I’d like to put together a…
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Estimation and Confidence Intervals: How Sure Are You?
In statistics, we often find ourselves gathering information from a sample in order to try and garner insights into populations. This is the basis of inferential statistics, and it starts with understanding estimations and confidence intervals. In a sense, we’re using measurements from the data we have in order to make educated guesses about the…