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    Measures of variability with inferential statistics

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    Explain why measures of variability are essential to inferential statistics.

    © BrainMass Inc. brainmass.com September 26, 2022, 10:34 pm ad1c9bdddf

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    When looking at inferential stats, we are trying to see if we can make inferences (conclusions or analysis) on a set of data. We can't just eye ball the data, we need to actually sit down and compute statistics to make a statistically sound conclusion on the data. This is what distinguishes inferential stats from descriptive stats that just looks at the data from a superficial point of view.

    What type of tests do we do for inferential stats? The two main are estimation and hypothesis testing.

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    Solution Summary

    This posting begins by defining what inferential statistics are, and then explains what 2 of the most popular inferential statistics are.