Overall, professor salaries barely budged during past year, the Chronicle says, noting that on average, salaries for full-time faculty rose 1.8% in the 2011-12 school year, while inflation was 3%. Tuition, meanwhile, has increased dramatically.
Inferential Statistics. Inferential statistics is concerned with making predictions or inferences about a population from observations and analyses of a sample. That is, we can take the results of an analysis using a sample and can generalize it to the larger population that the sample represents.
A parameter is a characteristic of a population. A statistic is a characteristic of a sample. Inferential statistics enables you to make an educated guess about a population parameter based on a statistic computed from a sample randomly drawn from that population (see Figure 1). Figure 1.Illustration of the relationship between samples and populations.