Statistical inference and business analysis
- Jan 19
- 1 min read
Business analysis is the backbone of smart decision‑making, and statistical inference is one of its most powerful tools.
Think about questions like:
➡️ Did my process improvement really deliver better results?
➡️ Is one process more reliable than another?
These are the kinds of challenges inference helps us solve. And at the heart of it all lies the Normal Distribution—often called the “king of distributions.”
From the Normal Distribution, we can derive other fundamental tools:
➡️ t‑Student → compare differences between averages
➡️ F‑Distribution → compare differences between variances
➡️ Chi‑squared → uncover associations between categorical variables
🎥 In the following video, I explain the Normal Distribution in an intuitive way—using the Galton board video as a visual demonstration.
In the next posts, we will show, in an intuitive way, how to build other distributions from the normal distribution and how to apply them.
Stay tuned!
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