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Statistics can be defined as the mathematical science involving the collection, organization, analysis, interpretations, and presentations of numerical data. The two major statistical methods for data analysis are:
Descriptive Statistics- It can be defined as procedures used to organize, summarize and interpret a set of observation and scores. Descriptive statistics are generally presented graphically, in tabular forms or in single values.
Inferential Statistics- It can be defined as the procedures that allow researchers to figure out and generalize the observations made with samples to the larger population.
The different areas of applications of statistics are:
- Biostatistics
- Econometrics
- Actuarial Sciences
- Operations Research
- Environmental Statistics
- Astrostatistics
- Business Analytics
- Quality Control
- Statistical Mechanics
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