What is Statistics?
Statistics is the science of collecting, analyzing, and interpreting data. It plays a crucial role in various fields, from scientific research to business analytics.
Key Concepts
- Mean: The average of a data set.
- Median: The middle value in a data set.
- Mode: The most frequently occurring value.
- Variance: A measure of how far each number in the set is from the mean.
- Standard Deviation: A measure of the amount of variation or dispersion in a set of values.
Applications
Statistics is applied in various domains such as:
