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Statistics, a branch of applied mathematics, finds application in diverse fields to facilitate decision-making. It employs numerous methods to analyze organized data, especially numerical data, to produce insightful visualizations. The primary aim of statistics is to enhance the utility of raw or displayed data for statisticians.
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Descriptive Statistics: These summarize data sets, either of an entire population or a sample thereof. They primarily focus on central tendencies, variability, and distribution of sample data. Measures of central tendency, including mean, median, and mode, constitute one aspect. Variability measures like standard deviation also play a pivotal role.
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Descriptive statistics primarily summarize data sets, presenting a snapshot of central tendencies, variability, and distribution. Inferential statistics build on Descriptive Statistics, utilizing sample data to deduce population characteristics. Regression analysis, ANOVA, ANCOVA, and statistical significance tests support the process of inference.
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