youre conducting research, you'll need to consider the following factors when youte choosing the correct procedure for analyzing data + Purpose of statistics: Some research you conduct is for internal usage to help obtain a comprehensive conclusion, whereas other types of research can be published after you have @ conclusion on the analysis. You'll need to be more thorough and clearly label the sources you use if you're showing the public about your research on a related topic. + The types of resources: The types of resources you have at your disposal dictate the effectiveness of your research. You should publish your research if you're confident about its validity and if you can get it confirmed by a reliable source outside of your organization lke a university or publication, + The level of knowledge you have: The amount of knowledge you have is an indicator of how far you can get in your research, You wan! to assemble an experienced team with extensive knowledge of the type of research you're conducting. You may need to recruit and hire outside help or you can consider another procedure if i's necessary. + Hf you need to repeat research processes: Itll take more time for you to perform research if you plan on executing multiple iterations of testing. I's important to plan so that you can maximize your time on the purpose of your research. Try to map out the workflow in your planning process to see haw much time you need to spend for the entire iteration, + Expectations of all parties: The expectations should align with the purpose of your research, and they should match with who's going to review your research. Your research can be observed by your management team or professor if you're in an academic setting. Be sure to consult with these parties, so you can get a clear understand of how you should proceed and list the applicable sources to back up your findings. What is descriptive statistics? Descriptive statistics, also known as samples, can determine multiple observations you take throughout your research, I's defined as finding group members that fit the parameters of your research, noting data about groups you're testing and the application of statistics and graphs to conclude the findings from this group. In other words, you're paring down, the results from this group and reducing them to a few key points. In this case, you're only trying to test for results you can get from relevant individuals. This requires you to continue testing if your results affect a larger portion of the population ‘Some conclusions you can measure for include: * Central tondenc*+y:** The process of using the mean and the median to determine the location of your data points on a graph. + Dispersion: Dispersion is another way to identify the severance of data points from the center of your graph. Asmall number means that the dispersion is closer to the center while the larger number implies a greater separation from the epicenter of the graph. ‘+ Skewness: Skewness highlights the separation of the data points you measured from each other. You can conclude if they're symmetrical or skewed from your measurements.What is inferential statistics? Inferential statistics is when you take data from a sample group and make a prediction that impacts the conclusion on a large population. You can use random sampling to eveluate how different variables can lead to you make generalizations to conduct further experiments. To get an accurate analysis, youll need to identify the population you're ‘measuring, create a sample for that population and incorporate analysis to find a sampling error. ‘A few ways you can measure for inferential statistics include: + Hypothesis tests: Hypothesis tests determine if the population youre measuring has a higher value than another data point in your analysis. It can also conclude if populations vary, which is centered on the results you earned from muttiple experiments, + Confidence intervals: Confidence intervals discover the margin of error in your research and if it affects what you're testing for. You'll mainly have to estimate for the range a population can fall under for mean and median calculations. + Regression analysis: A regression analysis Is an association between the independent and dependent variables of an experiment. You can perform a regression analysis after you know the results of the hypothesis test, so you know the relationship of the subject matter. A few things you can test for is the comparison between two populations or the height and weight of different genders Some differences to remember! Descriptive Statistics Inferential Statistics | Concerned with the describing the target ‘Make inferences from the sample and population {generalize them to the population. ‘Organize, analyze and present the datain meaningful manner Compares, test and predicts future outcomes. Final results are shown in form of charts, tables and Graphs Final result is the probability scores. Describes the data which is already known Tries to make conclusions about the population that is beyond the data available. “Tools- Measures of central tendency (mean/median/ mode), Spread of data (range, standard deviation etc) Tools: hypothesis tests, Analysis of variance etcDescriptive Statistics It describes the important characteristics/ properties of the data using the measures the central tendency like mean/ median/mode and the measures of dispersion like range, standard deviation, variance etc. Data can be summarized and represented in an accurate way using charts, tables and graphs. For example: We have marks of 1000 students and we may be interested in the overall performance of those students and the distribution as well as the spread of marks. Descriptive statistics provides us the tools to define our data in a most understandable and appropriate way. i Saas m oe Wo ————— i ose — venta 2 a an “Strawberry a. : [ { » Raw Data Descriptive StatisticsInferential Statistics It is about using data from sample and then making inferences about the larger population from which the sample is drawn. The goal of the inferential statistics is to draw conclusions from a sample and generalize them to the population. It determines the probability of the characteristics of the sample using probability theory. The most common methodologies used are hypothesis tests, Analysis of variance etc. For example: Suppose we are interested in the exam marks of all the students in India. But it is not feasible to measure the exam marks of all the students in India. So now we will measure the marks of a smaller sample of students, for example 1000 students. This sample will now represent the large population of Indian students. We would consider this sample for our statistical study for studying the population from which it’s deduced.