Statistics:
Statistics is a study of presentation, analysis, collection, interpretation and organization of data
There are two main branches of statistics
- Inferential Statistic.
- Descriptive Statistic.
Inferential Statistics:
Inferential statistics used to make inference and describe about the population. These stats are more useful when its not easy or possible to examine each member of the population.
Descriptive Statistics:
Descriptive statistics are use to get a brief summary of data. You can have the summary of data in numerical or graphical form.