About Lesson
Introduction to Statistics
- What is Statistics?
- Statistics is the science of collecting, analyzing, interpreting, and presenting data. It helps us make informed decisions based on numerical information.
- Types of Statistics:
- Descriptive Statistics: Summarizes and describes the characteristics of a dataset (e.g., mean, median, mode).
- Inferential Statistics: Makes predictions or inferences about a population based on a sample of data.
- Real-Life Example:
- A company may use descriptive statistics to summarize sales data from the previous year, while using inferential statistics to predict future sales based on that data.
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