statistical-inference

Vocabulary Word

Definition

'Statistical inference' is a bit like piecing together a puzzle. You use the pieces you have (data or sample) to try to guess the full picture (the population). It's about making educated predictions from a smaller set.

Examples in Different Contexts

In research analysis, statistical inference involves using sample data to make generalizations about a larger population. A researcher might say, 'Through statistical inference, we can estimate population parameters and test hypotheses, even when it's impractical to study the entire population directly.'

Practice Scenarios

Academics

Scenario:

Our initial test results show a potential link between screen time and sleep duration. We should conduct a larger study.

Response:

We'll need a bigger sample to make a reliable statistical inference but it's a promising starting point.

Business

Scenario:

We've collated customer feedback from various outlets and are seeing a trend in concerns about our app functionality.

Response:

Relying on our statistical inference, let's improve those functionalities to enhance customer satisfaction.