Application: Statistical Inference
This course introduces students to the fundamentals of experiment design and statistical inference models for data analysis. The courses provides a hands on experience in designing an experiment, collecting data and drawing conclusions.
Statistics in a science of decision making and conclusion drawing in the presence of variability. In rare cases, to be able to make a decision about a new product, or draw conclusions from an observed phenomena, we can collect observations from the entire population and as a result make a definitive conclusion about its attributes, but most often that is not the case. As a we often opt to performing an experiment, or making passive observation with only a-sub sample of the population that will help us extrapolate and make decision about the rest of the unobserved samples.