Statistical Analysis Concepts

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Explain descriptive analysis.

Back

Descriptive analysis involves summarizing and organizing data to understand its main characteristics.

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Explain inferential analysis.

Back

Inferential analysis involves making predictions or inferences about a population based on a sample of data.

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Inferential analysis and sample data.

Back

Uses sample data to make inferences about larger populations.

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Example calculation of arithmetic mean.

Back

\(\frac{17 + 30 + 16}{3} = 21\).

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Descriptive analysis and statistical patterns.

Back

Facilitates identification of key statistics and patterns.

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Monthly invoice amounts for each month from January to December.

Back

The table shows monthly invoice amounts for each month from January to December.

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Invoice amount for April.

Back

€1,600

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Invoice amount for June.

Back

€2,140

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Invoice amount for December.

Back

€1,432

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Monthly invoicing data.

Back

Data includes monthly invoicing amounts for a solicitor over a year.