Statistical Inference
Statistical Inference is the process of drawing conclusions about a population based on a sample of data from that population. It involves using probability theory and statistical methods to make inferences about the characteristics of a population, such as its mean, variance, or distribution. Statistical inference can be used to test hypotheses, estimate parameters, and make predictions. There are two main types of statistical inference: estimation and hypothesis testing. Estimation involves using sample data to estimate the value of an unknown population parameter, such as the mean or variance. Hypothesis testing involves using sample data to test a hypothesis about a population parameter, such as whether the mean is equal to a specific value. Statistical inference is a fundamental concept in data science and is used in a wide range of applications, including business, healthcare, and social sciences.
Your Previous Searches
Random Picks
- Server: In the context of Data Science and Artificial Intelligence, a server refers to a computer system that provides various services to other computers or devices connected to it through a network. These services can include data storage, proces ... Read More >>
- Lagged Version: Unsupervised learning is a type of machine learning where the model is trained on unlabeled data without any specific target variable. The goal of unsupervised learning is to identify patterns and relationships in the data, and to group sim ... Read More >>
- Epoch Time: Epoch time, also known as Unix time or POSIX time, is a system for describing a point in time. It is defined as the number of seconds that have elapsed since January 1, 1970, at 00:00:00 UTC. Epoch time is widely used in computer systems an ... Read More >>
Top News
Employees were already freaked out about AI — Amazon just proved them right...
Amazon CEO Andy Jassy acknowledged in a Tuesday statement what many workers have been scared of: Artificial intelligence will soon mean job cuts....
News Source: Business Insider on 2025-06-18
Trump’s purges come for the U.S.’ nuclear safety board...
Donald Trump’s efforts to strip federal agencies and commissions of their independence took an alarming step Monday, when the president fired one of the five commissioners who sit on the Nuclear Reg...
News Source: MSNBC on 2025-06-17
Amazon says it will reduce its workforce as AI replaces human employees | CNN Bu...
Amazon says it will reduce its workforce as AI replaces human employees | CNN Businesscnn.com...
News Source: CNN on 2025-06-17
Amazon’s Jassy says AI will reduce company’s corporate ranks...
Andy Jassy expects the company’s workforce to decline in the next few years....
News Source: Fortune on 2025-06-17
Bank of America is bullish on these 4 under-the-radar AI stocks...
Investors interested in the AI trade beyond the Magnificent Seven should look into these four stocks with breakout growth potential....
News Source: Business Insider on 2025-06-17