Statistics is the branch of mathematics that involves the collection, analysis, interpretation, and presentation of data. It provides methods for summarizing and drawing conclusions from data sets, enabling decision-making and predictions based on empirical evidence. Statistics includes various techniques such as descriptive statistics, inferential statistics, probability theory, and data modeling. It is widely used across diverse fields, including economics, biology, social sciences, and business, to analyze trends, test hypotheses, and make informed decisions based on data.
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