What is statistics?
Statistics is the branch of mathematics that deals with the collection, analysis, interpretation, presentation, and organization of numerical data. It is a discipline that involves the application of statistical methods and techniques to extract meaning from data and draw conclusions. There are two main types of statistics: descriptive statistics and inferential statistics. Descriptive statistics: Descriptive statistics are used to describe and summarize data. They involve methods of organizing and summarizing data using measures such as central tendency (mean, median, mode), variability (range, standard deviation, variance), and graphical displays (histograms, box plots, scatter plots). Inferential statistics: Inferential statistics are used to make inferences about a population based on a sample of data. They involve methods of hypothesis testing, confidence intervals, and regression analysis to determine the likelihood of a result occurring by chance or to estimate population ...