Parametric Statistics

Parametric statistics are the most common type of inferential statistics. Inferential statistics are calculated with the purpose of generalizing the findings of a sample to the population it represents, and they can be classified as either parametric or non-parametric. Parametric tests make assumptions about the parameters of a population, whereas nonparametric tests do not include such assumptions or include fewer. For instance, parametric tests assume that the sample has been randomly selected from the population it represents and that the distribution of data in the population has a known underlying distribution. The most common distribution assumption is that the distribution is normal. Other distributions include the binomial distribution (logistic regression) and the Poisson distribution (Poisson regression). Additionally, parametric statistics require that the data are measured ...