Statistics is one of the most critical fields in mathematics. It deals with data collection, data analysis, and data interpretation. The term statistics is derived from a Latin word that means the amount, number, or computation. Statistics is used in various fields like education, business, and science.
There are various types of statistics like descriptive statistics, inferential statistics, probability theory, and statistical inference. Descriptive statistics helps in understanding the data set. Inferential statistics helps in predicting data based on past data, also known as predictive statistics. Probability theory helps in probability calculations, while statistical inference helps conclude by estimating samples and statistical relationships between variables and deriving hypotheses from them.
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