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STATISTICS
Definition
STATISTICS is a branch of
Mathematics that deals with
collecting, organizing,
presenting, analyzing, and
interpreting data to come up
with useful and meaningful
information.
TWO DIVISIONS OF STATISTICS
DESCRIPTIVE STATISTICS
It is concerned with summarizing and describing
important features of numerical data without
attempting to infer. This method can either be
graphical or computational.
INFERENTIAL STATISTICS
This demands a higher order or critical judgment
and mathematical methods. It aims to give
information about a large group of data without
dealing with each and every element of these
APPLICATION AND
IMPORTANCE OF STATISTICS
1. Define statistics.
2. Why studying Statistics important?