Inference Space
A mathematical method that employs probability theory for inferring the properties of a population parameter from which the sample is taken is known as inferential statistics. Inferential statistics is a set of methods used to make generalizations, estimations, or predictions. Let’s say that we want to determine the statistical capability of a process. And, let’s say that 28 machines are producing a particular part. This process has 14 operators that run the parts. The operators use their own micrometers to measure key characteristics of the parts. There are three sources of raw materials that feed into the process. The process runs two shifts per day five days a week.