Describe the difference between descriptive and inferential statistics. Write about a time when you used descriptive statistic to make a decision in your life.
BASIS FOR COMPARISON |
DESCRIPTIVE STATISTICS |
INFERENTIAL STATISTICS |
---|---|---|
Meaning |
It is that branch of statistics which describes the population under study. |
It is a type of statistics, that which gives conclusions about the population based upon observation and sample analysis |
What it does? |
Make the data organized and easy to understand. |
Predicts data and make conclusions |
Form of final Result |
Charts, Graphs and Tables |
Probability |
Function |
It explains the data, which is already known, to summarize sample. |
It attempts to reach the conclusion to learn about the population, that extends beyond the data available. |
Once I had to see that in my pet shop how many dogs and cats sold, I used descriptive stats to organise data and prepare chart
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