Importance of statistics

Statistics is a branch that deals with every aspect of the data. Statistical knowledge helps to choose the proper method of collecting the data

Statistics Definition

In Mathematics, statistics concerns the collection of data, organisation, interpretation, analysis and data presentation.

Statistics in Maths

The two main branches of statistics are: Descriptive Statistics Inferential Statistics

Types of Statistics

– Statistics are numerically expressed. – It has an aggregate of facts – Data are collected in systematic order – It should be comparable to each other

Characteristics of Statistics

The most important concepts covered in Statistics include mean, median, mode, range, and standard deviation.

Importance of Statistics