The Basics of Statistical Inference
This lesson will introduce statistical inference and point estimates, along with the central limit theorem.
We'll cover the following
In the last chapter, we learned how to explore data using different graphs and extract information from the data. We discovered relationships between different variables in our datasets, but how do we decide whether these relationships are real or just by coincidence? How do we decide whether we can make a generalization about the dataset or not? This is where inferential statistics comes in.
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