Statistics

Statistics is the branch of mathematics that deals with the collection, analysis, interpretation, presentation, and organization of data. It provides methods for summarizing and making inferences from data sets, helping to understand trends and patterns. Key concepts include descriptive statistics, which summarize data characteristics, and inferential statistics, which draw conclusions from samples to generalize about populations. Statistics are essential in various fields, including economics, psychology, and health sciences, aiding in informed decision-making and research.