Introduction - Practice Questions & MCQ

Statistics is a mathematical science including methods of collecting, organizing and analyzing data in such a way that meaningful conclusions can be drawn from them. In general, its investigations and analyses fall into two broad categories descriptive and inferential statistics.
Descriptive statistics deals with the processing of data without attempting to draw any inferences from it. The data are presented in the form of tables and graphs. The characteristics of the data are described in simple terms. Events that are dealt with include everyday happenings such as accidents, prices of goods, business, incomes, epidemics, sports data, and population data.
Inferential statistics is a scientific discipline that uses mathematical tools to make forecasts and projections by analyzing the given data. This is of use to people employed in such fields as engineering, economics, biology, the social sciences, business, agriculture and communications.