Sample Statistics

Sample statistics refer to the numerical measures that are calculated from a sample of data in order to describe and summarize the characteristics of that sample. These measures include measures of central tendency (such as the mean, median, and mode) and measures of variability (such as the range, variance, and standard deviation). Sample statistics are used in data science to make inferences about the population from which the sample was drawn. By analyzing the sample statistics, data scientists can estimate population parameters and make predictions about future observations. Sample statistics are also used to test hypotheses and make decisions based on the results of statistical tests.
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