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Question

Inferential statistical conclusions are represented in the form of ?


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Solution

Inferential statistics uses probability theory to draw conclusions (or inferences) about, or estimate parameters of the environment from which the sample data came. The goal of the inferential statistics is to draw conclusions from a sample and generalize them to the population. Probability theory is the branch of mathematics concerned with probability. Although there are several different probability interpretations, probability theory treats the concept in a rigorous mathematical manner by expressing it through a set of axioms.


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