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Statistics is a branch of applied mathematics that involves the collection, description, analysis, and inference of conclusions from quantitative data. The mathematical theories behind statistics rely heavily on differential and integral calculus, linear algebra, and probability theory.

Statistics topics you can expect to encounter include: algebra, calculus, number theory, probability theory, game theory, data collection and sampling methods, and statistical modelling. Fields of specialization will vary depending on the statistics degree you choose.

There are three real branches of statistics: data collection, descriptive statistics and inferential statistics. Let us look at these concepts in a little more detail.

Statistics is defined as the science of collecting, organizing, presenting, analyzing and interpreting numerical data for the purpose of assisting in. making a more effective decision. Classifications: Depending on how data can be used, statistics is sometimes divided in to two main areas or branches.

Statistics allows us to draw conclusions from a set of data and is often called the ?Science of Data.? It can also help people in every industry answer their research or business questions, and can help predict outcomes, such as what show you might want to watch next on your favorite video app.

The five words population, sample, parameter, statistic (singular), and variable form the basic vocabulary of statistics.

They are: (i) Mean, (ii) Median, and (iii) Mode. Statistics is the study of Data Collection, Analysis, Interpretation, Presentation, and organizing in a specific way.

Statistics deals with collection, organisation, analysis and interpretation of data. The word 'statistics' has different meanings in different contexts.