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Data is any numerical or. categorical data. Statistics is used to predict and make decisions. Describing is done through. statistical formulas, and analysis is interpretation of this data through statistical formula also.

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.

Data is used to create new information or knowledge. For example, census data provides data about the number of people within a particular area with variables such as gender, age, income, etc. Statistics are the interpretation of raw data, often to show relationships among variables.

The two major areas of statistics are known as descriptive statistics, which describes the properties of sample and population data, and inferential statistics, which uses those properties to test hypotheses and draw conclusions.

The main purpose of using statistics is to plan the collected data in terms of experimental designs and statistical surveys. Statistics is considered a mathematical science that works with numerical data. In short, statistics is a crucial process which helps to make the decision based on the data.

1.1 The Five Basic Words of Statistics Population. CONCEPT All the members of a group about which you want to draw a conclusion. ... Sample. CONCEPT The part of the population selected for analysis. ... Parameter. CONCEPT A numerical measure that describes a characteristic of a population. ... Statistic. ... Variable.

Data are individual pieces of factual information recorded and used for the purpose of analysis. It is the raw information from which statistics are created. Statistics are the results of data analysis - its interpretation and presentation.