Question: 1a. In detail describe the difference between descriptive and inferential statistics 1b. Provide examples of each (descriptive and inferential statistics) in a business reporting context

1a. In detail describe the difference between descriptive and inferential statistics

1b. Provide examples of each (descriptive and inferential statistics) in a business reporting context

1c. When would you report descriptive information?

1d. When would you report inferential information?

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References (sources) - feel free to use other sources, peer reviewed journal articles, scholarly articles, etc.

  • Khan Academy. (2020).Statistical questions[Video file]. Retrieved fromhttps://www.khanacademy.org/math/statistics-probability/displaying-describing-data/statistics-overview/v/understanding-statistical-questions(9:33)
  • Laerd Statistics. (2018). Descriptive and inferential statistics. Retrieved fromhttps://statistics.laerd.com/statistical-guides/descriptive-inferential-statistics.php
  • Kenton, W. (2019). Descriptive Statistics.Retrieved fromhttps://www.investopedia.com/terms/d/descriptive_statistics.asp

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