Statistics

Statistics is the branch of mathematics that deals with the collection, analysis, interpretation, presentation, and organization of data. It involves various techniques to summarize and draw conclusions from data sets, enabling researchers and analysts to identify patterns, test hypotheses, and make informed decisions based on empirical evidence. Statistics can be broadly divided into descriptive statistics, which focuses on summarizing and describing data, and inferential statistics, which involves making predictions or inferences about a population based on a sample of data. Key concepts in statistics include measures of central tendency (such as mean, median, and mode), measures of variability (such as range, variance, and standard deviation), probability, and statistical tests. Overall, statistics plays a crucial role in various fields, including economics, psychology, medicine, and social sciences, providing tools to quantify uncertainty and support data-driven conclusions.