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Questions and Answers
What are the two major branches of statistics?
Descriptive statistics and inferential statistics
When do we generally consider the data of the entire population?
When the objective of the study is data description
What is the objective of studying the distribution of annual family income in India?
To understand the distribution of income for the whole population as per the 2011 census
What does descriptive statistics help us do?
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What methods do we use for statistical inference?
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Study Notes
Branches of Statistics
- The two main branches of statistics are Descriptive Statistics and Inferential Statistics
Population Data
- We generally consider the data of the entire population when it is possible to collect and analyze data from every individual or unit in the population
Objective of Studying Distribution of Annual Family Income
- The objective of studying the distribution of annual family income in India is to understand the patterns and trends of income distribution among Indian families
Descriptive Statistics
- Descriptive statistics helps us to summarize, organize, and describe the basic features of a dataset, such as measures of central tendency and variability
Statistical Inference Methods
- Statistical inference uses methods such as hypothesis testing and confidence intervals to make conclusions or inferences about a population based on a sample of data
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Description
Test your knowledge of descriptive statistics with this quiz from Samatrix Consulting Pvt Ltd. Learn about the different branches of statistics and how to analyze data for a comprehensive data description.
