(Solution) Inferential Versus Descriptive Statistics

Explain how inferential statistics differ from descriptive statistics, why inferential statistical methods are such a significant component of data analytics work, and identify common inferential statistical methods. Once your material is posted, be sure to review and comment on at least two of your peers postings. Your initial post to the given topic of discussion should contain a minimum of 2–3 peer-reviewed references.

Solution:

There are numerous differences between descriptive statistics and inferential statistics. To begin with, as stated by Bettany‐Saltikov and Whittaker (2014), descriptive statistics is a discipline that pertains to description of study population where else inferential statistics concentrates on deriving conclusions regarding the population based on evaluation and observation of the sample. Secondly, descriptive statistics gathers, standardizes, analyzes and subsequently presents the data in a comprehensible and meaningful approach whilst inferential statistics, on the contrary compares the data, tests the hypothesis and draws the predictions for the expected future results. Thirdly, descriptive statistics represents final outcomes in a tabular or diagrammatic approach unlike inferential statistics in which the final outcomes are presented in probability form (Holcomb, 2016). Lastly, while descriptive statistics describes a particular situation based…..Please click the Paypal icon below to purchase full solution for only $5