| A | B |
|---|
| Descriptive Statistics | Statistics used to summarized a body of data |
| Inferential Statistics | Using sample statistics to infer characteristics about the population |
| Sample | A subset of the population usually selected randomly |
| Standard Error of the Mean | An estimate of the amount of error in a sample estimate of a population mean |
| Confidence Limit | The upper and lower boundaries that one is X percent sure the estimate falls within |
| Interval Estimate | In statistical inference, a range or interval determined so that the probability that a parameter falls within it is acceptably high |
| Parameter | A measure used to summarize characteristics of a population based on all items in the population |
| Statistic | A measure that is used to summarize a sample of data |
