1. The problem asks to differentiate Descriptive Statistics and Inferential Statistics. 2. Descriptive Statistics involves summarizing and organizing data so it can be easily understood, such as using measures like mean, median, mode, and standard deviation. 3. Inferential Statistics uses sample data to make generalizations or predictions about a population, often involving hypothesis testing and confidence intervals. 4. Important rule: Descriptive statistics describe data without making predictions, while inferential statistics draw conclusions beyond the data. 5. For example, if we have a sample mean $\bar{x}$ and want to estimate the population mean $\mu$, descriptive statistics describe $\bar{x}$, inferential statistics help infer $\mu$. 6. In summary, Descriptive Statistics = data description; Inferential Statistics = data inference and prediction. Final answer: Descriptive Statistics summarize data characteristics; Inferential Statistics use sample data to make predictions or decisions about a larger population.