Statistical analysis involves collecting, organising and analysing data gathered from a sample.
What’s meant by statistical analysis?
Statistical analysis involves collecting, organising and analysing data gathered from a sample. Statistical analysis can be used to identify any trends or prove or disprove certain hypotheses.
There are two main types of statistical analysis: descriptive statistics and inferential statistics.
Descriptive statistics involves analysing and describing the sample data collected. Descriptive statistics will usually summarise large data with summary tables and charts.
On the other hand, inferential statistics is used to make generalisations about the broader population.