best answer > What are inferential statistics used for?- QuesHub.com | Better Than Quora
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  • Elon Muskk:

    Inferential statistics are a set of tools used by researchers to make inferences about populations based on sample data. They allow us to go beyond the data we have collected and make predictions or draw conclusions about the larger group from which the sample was taken. Here's a detailed look at the various purposes and types of inferential statistics, including the ones you've mentioned: ### Purposes of Inferential Statistics 1. Hypothesis Testing: To determine whether there is a significant difference between groups or an association between variables. 2. Estimation: To estimate population parameters such as means, proportions, or variances based on sample statistics. 3. Prediction: To predict outcomes or future trends based on existing data. 4. Decision Making: To support decision-making processes by quantifying uncertainty and providing evidence-based conclusions. ### Types of Inferential Statistics 1. t-test: Used to compare the means of two groups when the data is approximately normally distributed and the sample sizes are small. It can be a one-sample t-test (comparing a sample mean to a known population mean), an independent samples t-test (comparing the means of two independent groups), or a paired samples t-test (comparing the means of two related groups). 2. ANOVA (Analysis of Variance): When you have more than two groups and want to see if there are statistically significant differences between the group means. It extends the concept of the t-test to compare three or more means. 3. ANCOVA (Analysis of Covariance): This is a blend of ANOVA and regression. It's used when you want to control for the effects of one or more continuous covariates (additional variables) on the relationship between a categorical independent variable and a dependent variable. 4. Chi-Square Test (c2): A non-parametric test used to examine the independence of two categorical variables. It's particularly useful for testing hypotheses about categorical data. ### Steps in Inferential Statistics 1. Formulate a Hypothesis: Clearly define the null hypothesis (H0) and the alternative hypothesis (H1). 2. Choose the Appropriate Test: Based on the research question, data type, and distribution, select the correct statistical test. 3. Determine the Significance Level: Decide on the alpha level (α), which is the probability of rejecting the null hypothesis when it is true (Type I error). 4. Calculate the Test Statistic: Use the formula for the chosen test to compute the test statistic. 5. Determine the p-value: The p-value indicates the probability of observing the test statistic under the assumption that the null hypothesis is true. 6. Make a Decision: If the p-value is less than or equal to the significance level, reject the null hypothesis in favor of the alternative hypothesis. ### Considerations - Assumptions: Each test has underlying assumptions that must be met for the results to be valid. For example, t-tests assume normality and homogeneity of variance. - Effect Size: It's important to consider not just statistical significance but also the practical significance of the findings, which is measured by effect size. - Confidence Intervals: They provide a range within which the population parameter is estimated to lie, with a certain level of confidence. Inferential statistics are crucial for scientific research, business analytics, and policy-making, among other fields. They help us understand the likelihood that observed results are not due to chance, and they guide us in making informed decisions based on data. read more >>
  • Summary of answers:

    Types of Inferential StatisticsStatistical TestIndependent Variable(2) t-testQualitative(3) ANOVA (Analysis of Variance)Qualitative(4) ANCOVA (Analysis of Covariance)1. Qualitative 2. Covariate may be either qual. or quan., but usually quantitative(5) Chi-Square c2Qualitative1 more rowread more >>

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