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Statistics is a strategy for deciphering, breaking down and summing up the data. Subsequently, the sorts of measurements are classified in view of these elements: Illustrative and inferential measurements. Based on the data, for example, pie charts, bar graphs, or tables, we examine and decipher it.
There are three real branches of statistics: data collection, descriptive statistics and inferential statistics.
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Ans: In a world where all crucial decisions are based on data, statistics is an important subject that provides a better understanding of numbers, allows efficient planning and helps to make sense of quantitative data. The subject gives you the opportunity to evaluate outcomes and develop critical thinking skills.
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