Statistics:
Statistics is a branch of mathematics that deals with the collection, analysis, interpretation, presentation, and organization of data. It provides methods for making decisions and predictions based on data. The subject is broadly divided into two main areas:
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Descriptive Statistics – Focuses on summarizing and organizing data using measures such as mean, median, mode, standard deviation, and graphical representations like histograms and box plots.
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Inferential Statistics – Involves making predictions or inferences about a population based on a sample of data. It includes hypothesis testing, confidence intervals, regression analysis, and probability distributions.
Statistics is widely applied in fields like economics, medicine, engineering, social sciences, and business for data-driven decision-making. It helps in identifying patterns, testing hypotheses, and estimating probabilities.
