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In Your Own Words, Explain the Purpose of Inferential Statistics

question 25

Essay

In your own words, explain the purpose of inferential statistics. Include in your essay the concepts of sample, population, statistic, parameter, representativeness, and the principle of EPSEM. Make sure that you define each of these terms as you develop your essay.


Definitions:

Absentee Days

Days when an employee is not present at work due to illness, personal reasons, or other excused absences, which can impact organizational productivity and morale.

Low Self-efficacy

A personal belief in one's inability to succeed or accomplish tasks, often leading to decreased motivation and achievement.

Internal Locus

A psychological term referring to individuals who believe they can influence their life events and outcomes through their own efforts.

High Conscientiousness

A personality trait characterized by diligence, carefulness, thoroughness, self-discipline, and the ability to regulate oneself effectively.

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