Statistical Inference
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Population:
The entire group you want to study.
Sample:
A subset of the population used for analysis.
Key Concepts
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Null Hypothesis:
The default assumption.
Alternative Hypothesis:
The claim you want to test.
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Hypothesis Testing
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Range of plausible values
for a population parameter.
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Confidence Level:
Probability that the true parameter falls within the interval.
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Confidence Intervals
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Parametric:
Assumes a specific distribution for the data.
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Non-parametric:
Doesn't rely on assumptions about the distribution.
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Types of Statistical Inference
Overfitting
Modeling the sample data too closely, leading to poor generalization.
Common Mistakes in Statistical Inference
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Market research
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Medical research
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Quality control
Applications of Statistical Inference