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Entry A B C D E F G H I J
Judge 1 2 9 1 3 10 4 6 8 5 7
Judge 2 6 9 2 1 8 4 3 10 7 5
Solution:
Entry A B C D E F G H I J
Judge 1 2 9 1 3 10 4 6 8 5 7
Judge 2 6 9 2 1 8 4 3 10 7 5
d 4 0 1 2 2 0 3 2 2 2
d 16 0 1 4 4 0 9 4 4 4
2
d)what do you understand by inferential statistics? discuss with the importance
of same in business and decision making.
Answer: In Inferential statistics, we make an inference from a sample about the
population. The main aim of inferential statistics is to draw some conclusions from
the sample and generalise them for the population data. E.g. we have to find the
average salary of a data analyst across India. There are two options.
1. The first option is to consider the data of data analysts across India and
ask them their salaries and take an average.
2. The second option is to take a sample of data analysts from the major IT
cities in India and take their average and consider that for across India.
The first option is not possible as it is very difficult to collect all the data of data
analysts across India. It is time-consuming as well as costly. So, to overcome this
issue, we will look into the second option to collect a small sample of salaries of data
analysts and take their average as India average. This is the inferential statistics
where we make an inference from a sample about the population.
40-
Class 0-20 20-40 60-80 80-100 100-120
60
Frequenc
5 f1 10 f2 7 8
y