User:Allyhussaini

MEANING OF STATISTICS

Statistics is the Science of Calculating, Organizing, Presenting, Analyzing and interpreting data to assist in making more effective decisions.

Type of Statistics: There are two types of Statistics:

1- Descriptive Statistics: Descriptive Statistics deals with the concepts and methods concerned with the Summarization and Description of the important aspects of the numerical data. In Descriptive Statistics, we study about the 'Frequency Distribution', 'Measure of Central Tendency' and 'Measure of Dispersion' etc.

2- Inferencial Statistics: Inferencial Statistics deals with procedures for making inferences about the characteristics that describe the larger group of data. In Inferencial Statistics, we study about the 'Estimation' and 'Testing of Hypothesis' etc.

'AllyHussaini'