The Basics of Statistical Inference

Stephanie R. Thomas

Chapter APPENDIX A in Compensating Your Employees Fairly, 2013, pp 275-281 from Springer

Abstract: Abstract Statistics is a branch of mathematics that focuses on the collection, presentation, and analysis of quantitative information. Generally speaking, there are two kinds of statistics: descriptive and inferential. Descriptive statistics summarize information; examples include averages, medians, minimums and maximums, percentages, charts, and graphs. Descriptive statistics are used to describe what is going on in the data.

Keywords: Coin Toss Game; Hazelwood School District; Adverse Inferences; Average Annual Earnings; Complex Statistical Calculations (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-1-4302-5042-5_11

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DOI: 10.1007/978-1-4302-5042-5_11

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