what is an immediate return system
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You mean instantaneous - means happening or completed in a moment, with no delay, immediate
Descriptive statistics is a summary of data. Inferential statistics try to reach conclusion that extend beyond the immediate data alone.
Mean is the average.
I didn't mean what I said. What does antidisestablishmentarianism mean? My sister is mean. I don't like being mean. The mean of a set of values is the average. The mean temperature is much lower in the valley in spring.
The population mean is the mean value of the entire population. Contrast this with sample mean, which is the mean value of a sample of the population.