What is Statistics?

Statistics is a branch of mathematics that involves the collection, analysis, interpretation, presentation, and organization of data. It provides a framework for making inferences and decisions in the face of uncertainty. By utilizing various statistical methods, such as probability theory and hypothesis testing, statisticians can draw meaningful insights from datasets, enabling informed decision-making in diverse fields like economics, science, and social sciences. In essence, statistics plays a crucial role in extracting meaningful patterns and information from raw data, facilitating a deeper understanding of complex phenomena.

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