Statistics is a branch of mathematics that deals with the collection, analysis, interpretation, presentation, and organization of data. It is an essential tool for making informed decisions and predictions in various fields.
Key Concepts
Descriptive Statistics: Summarizes and describes the features of a dataset.
- Measures of Central Tendency: Mean, Median, Mode
- Measures of Spread: Range, Variance, Standard Deviation
Inferential Statistics: Uses sample data to infer characteristics of a population.
- Hypothesis Testing: Testing a claim about a population based on sample data.
- Confidence Intervals: Estimating the range of values within which a population parameter is likely to fall.
Applications
- Business and Economics
- Healthcare
- Social Sciences
- Environmental Studies
Further Reading
For more information on statistics, visit our Statistics Guide.
Statistics