Parameter Estimation
In statistics, statistical inference refers to drawing conclusion based on the data. Statistical inferences are drawn in two broad ways, namely, hypothesis testing, and parameter estimation.
In hypothesis testing, we make a hypothesis and then we determine whether the sample data supports the hypothesis or does not support it. The hypothesis could be something like - Population mean is equal to 10. Then based on our sample data, we either accept or reject the hypothesis.
Create Your Free Account
Create a free account to access this content and join our community of learners.
You'll get access to:
- Access the full tutorial
- Join our learning community
- Track your progress
- Bookmark content for later