Welcome to the World of Statistics!
Statistics is an essential field of mathematics that enables us to make sense of the vast amounts of data around us. From simple data analysis to complex predictive models, statistics offers tools and techniques that are invaluable across multiple domains.
Descriptive Statistics
Descriptive statistics involves summarizing and organizing data so it can be easily understood. Common measures include mean, median, and mode.
Inferential Statistics
Inferential statistics allow us to make predictions or inferences about a population based on a sample of data. It includes estimation and hypothesis testing.
📈 Applications of Statistics
Statistics can be applied in a variety of fields such as finance, healthcare, economics, and social sciences to drive decision making and policy formation.