How will you differentiate between descriptive statistics and inferential statistics? Describe the important statistical measures often used to summarise the survey/research data.

In research methodology, particularly for management decisions, differentiating between descriptive and inferential statistics is crucial for effectively analyzing and interpreting data. Both types of statistics play unique roles in summarizing and drawing conclusions from research data. 

### Differentiation between Descriptive and Inferential Statistics

Descriptive Statistics: Descriptive statistics are used to summarize and describe the main features of a dataset. They provide a way to present data in a meaningful way without making any inferences or predictions about a larger population. Essentially, descriptive statistics offer a snapshot of the data, highlighting patterns, trends, and central tendencies.

Common tools in descriptive statistics include:

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