Holiday Inn would like to estimate the satisfaction level of its customers. A sample of 25 hotels were selected and the customer
s at these locations were asked to rate their experience on a scale of 1-10. Based on this sample data, Holiday Inn will draw a conclusion about the satisfaction level of their customers. This is an example of using _____________.
Inferential statistics is used to make informed conclusions about a population that cannot be completely sampled due to the population size.
With Inferential statistics, it is possible to make predictions or inferences from available data. It involves collecting data from a random sample of individuals within the population concerned and make generalizations about the entire population from those samples.
