📊Descriptive statistics summarize data sets by calculating measures of central tendency like the mean, median, and mode.
🔍Descriptive statistics also include measures of variance like the range and standard deviation.
📈Inferential statistics are used to make predictions and generalize conclusions from samples to populations.
🧪Examples of inferential statistics include correlation coefficients and t-tests.
🔬Statistical significance is calculated to determine the probability that a result occurred due to chance.