Statistics – Meaning, Definition, Terms, Classification, Applications, and FAQs

Statistics – Meaning, Definition, Terms, Classification, Applications, and FAQs

Meaning and Definition of Statistics

Statistics is a branch of mathematics that deals with the collection, analysis, interpretation, presentation, and organization of data. It is a process of systematically applying mathematical methods to data.

Fill Out the Form for Expert Academic Guidance!

+91

Live ClassesBooksTest SeriesSelf Learning

Verify OTP Code (required)

The Need for Statistics

Statistics are needed to help understand what is happening in the world. They help us to understand how populations are changing, what is happening to the environment, and how different groups of people are affected by different events. Statistics can also help us to make predictions about what might happen in the future.

Terms Used in Statistics

The following is a list of terms commonly used in statistics.

Average
– The arithmetic mean of a set of numbers.

Bias
– A systematic error in a statistical estimate that leads to an incorrect estimate.

Coefficient of variation
– A measure of the variability of a set of data.

Confidence interval
– A range of values within which a population parameter is estimated to lie with a given level of confidence.

Confidence level
– The probability that a confidence interval contains the true value of the population parameter.

Contingency table
– A table that displays the results of a contingency test.

Correlation
– A measure of the strength and direction of a linear relationship between two variables.

Covariance
– A measure of the degree to which two random variables are associated.

Standard deviation
– A measure of the variability of a set of data.

Variance
– A measure of the variability of a set of data.

Example Problem on Finding Mean, Median, Mode, and Range

The following data set represents the number of children in a family.

2, 3, 1, 4, 5

Mean:

The mean of this data set is 3.2.

Classification of Statistics

Statistics can be classified according to the nature of the data they analyze, the type of study, the purpose of the study, or the statistical technique used.

Nature of Data

Descriptive statistics describe a set of data in terms of its central tendency and variability.

Inferential statistics are used to infer characteristics of a population from a sample.

Type of Study

Cross-sectional studies are used to examine the relationship between two or more variables at a given point in time.

Longitudinal studies are used to examine the relationship between two or more variables over a period of time.

Purpose of Study

Descriptive statistics are used to summarize data and to make comparisons between groups.

Inferential statistics are used to infer the likelihood that an observed difference between groups is real rather than due to chance.

Statistical Technique

Application of Statistics

The following are some examples of the use of statistics:

1. To calculate averages, such as the mean, median, and mode.

2. To calculate probabilities, such as the probability of a particular event occurring.

3. To identify relationships between different variables, such as the correlation between two variables.

4. To test hypotheses, such as whether there is a significant difference between two groups.

5. To make predictions, such as the likely outcome of an election.

Related content

 Differences Between in Maths Circumference of a Circle – Definition and Formula Right Angle – Definition, Formula, Examples, and FAQs Geometric Shapes – Explanation with Examples and List of Geometric Shapes Compound Interest – Definition, Formula, Calculation, Methods & Solved Examples 1 Billion in Rupees – Conversion, Solved Examples and FAQs Extra Questions for Class 9 Maths with Solutions Chapter Wise NCERT Solutions for Class 12 Maths Introduction To 3D Geometry, Coordinate System and Formulas NCERT Solutions For Class 6 Maths Data Handling Exercise 9.3

+91

Live ClassesBooksTest SeriesSelf Learning

Verify OTP Code (required)