Question

what are the ways to conduct to conduct inference on a population parameter?

Answer 1

Statistical inference aims at learning about the population parameter from a sample.

Some ways to conduct inference are:

1)

Estimation - It involves determining the population parameter based on the sample data. Types of estimation are: Point estimation and interval estimation.

2)

Confidence Intervals - They provide a range of values for the parameter within which we can expect the parameter to fall with certain level of confidence.

3)

Hypothesis tests - Used for testing the results obtained, whether they are in accordance to some criteria or not.