Statistical decision making - PowerPoint PPT Presentation

Chapter 22 Using Inferential Statistics to Test Hypotheses

Chapter 22 Using Inferential Statistics to Test Hypotheses. Inferential Statistics. A means of drawing conclusions about a population (i.e., estimating population parameters), given data from a sample Based on laws of probability. Sampling Distribution of the Mean.

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Statistical Decision Making

Statistical Decision Making. Analysts must often make decisions about some condition in the real world. Assume that you have finished your MA in policy studies and have been hired as the environmental affairs officer for the city of Morgantown. You must make the following assessment:

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