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What is the exact definition of Statistics?

Statistics is a collection of numbers which represent facts or measurement. 'Statistics are the classified facts representing the conditions of the people in a state especially those facts which can be stated in numbers or in tables of numbers of in any tabular or classified arrangements.

What do you mean by the term statistics?

In mathematics and statistics, the term arithmetic mean is preferred over simply "mean" because it helps to differentiate between other means such as geometric and harmonic mean. Statistical mean is the most common term for calculating the mean of a statistical distribution.

What does it mean to understand statistics?

Statistics is the study and manipulation of data, including ways to gather, review, analyze, and draw conclusions from data. The two major areas of statistics are descriptive and inferential statistics. Statistics can be used to make better-informed business and investing decisions.

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