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Ans.: According to the American Statistical Association, statistics is the science of learning from data, and of measuring, controlling and communicating uncertainty.” Though many statisticians will disagree with this description, it encompasses the core tenets of a typical statistical inquiry cycle.
Ans.: Descriptive and inferential statistics are the two primary branches of statistics. Brief descriptions below will highlight the critical differences between the two branches.
Descriptive statistics= It is the term given to the analysis of data that describes, shows or summarizes the properties of the dataset in a meaningful way. Measures of spread and central tendency are the two most common descriptive statistical methods
Inferential statistics= This branch comes into action when there is limited availability of data. Inferential statistics are techniques that allow experts to generalize about a larger population.
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