Types of Statistics
There are two types of Statistics:
- Descriptive Statistics: The data is summarized and interpreted and explained in this type of statistics. The data is summarized from a population sample using factors such as mean and standard deviation. It is a way of organizing, presenting, and explaining a set of data using graphs and summary measures.
- To summaries data and show it in tables or graphs, typical methods include histograms, pie charts, bars, and scatter plots. Simply put, descriptive statistics are that. Beyond the data they gather, they don’t need to be normalized.
- Inferential Statistics: We try to understand the meaning of descriptive statistics using inferential statistics. After the data has been gathered, assessed, and summarized, we use inferential statistics to explain what the data mean.
- Inferential statistics uses the probability principle to examine if patterns seen in a research sample may be extrapolated to the larger population from which the sample was taken. Inferential statistics may be used to forecast population numbers in addition to testing hypotheses and examining connections between variables. To draw conclusions and inferences from samples, or to make precise generalizations, inferential statistics is used.
Statistics in Maths
Statistics in Maths: Statistics constitutes a mathematical discipline focused on gathering, scrutinizing, interpreting, and portraying data. While some view it as a standalone scientific field, others classify it as a separate branch within mathematics.
In simpler words, it is a field to collect and summarize data. There are two important principles involved in statistics they are, uncertainty and variation. These two factors can be calculated only through statistical analysis. This uncertainty in events is determined with the help of probability which plays an important role in the field of statistics.
Statistics has a wide range of applications in many disciplines, including economics, psychology, geology, weather forecasts, and so on. The information gathered for research here may be quantitative or qualitative. Quantitative data can also be divided into two types: discrete and continuous. Continuous data has a spectrum rather than a single value, whereas discrete data has a fixed value.
Table of Content
- What is Statistics?
- Examples of Statistics
- Basics of Statistics
- What is Mathematical Statistics?
- Types of Statistics
- Statistics Formulas
- Scope of Statistics
- Methods in Statistics
- What is Data in Statistics?
- Types of Data
- Types of Quantitative Data
- Statistical Data
- Representation of data
- Statistical Methods
- Measures of Central Tendency
- Measures of Dispersion
- Skewness in Statistics
- ANOVA Statistics
- Degree of Freedom
- Regression Analysis
- Applications of Statistics