Statistics Flashcards, test questions and answers

Discover flashcards, test exam answers, and assignments to help you learn more about Statistics and other subjects. Don’t miss the chance to use them for more effective college education. Use our database of questions and answers on Statistics and get quick solutions for your test.

What is Statistics?

Statistics is a branch of mathematics used to collect and analyze data. It is used in many different fields, such as economics, psychology, engineering, medicine and much more. Statistics can be used to study trends over time or compare different groups. For example, it can be used to help determine what factors lead to better outcomes for a certain treatment in medicine or which areas have higher crime rates than others.Statistics also helps us make predictions about future events based on the collected data from past events. This allows us to plan ahead and anticipate potential problems or risks that may arise from certain circumstances or decisions. By using statistical techniques we are able to gain insight into patterns within populations and better understand why things happen the way they do by analyzing large amounts of data quickly and efficiently. The most important factor when applying statistics is making sure that you have accurate data collection methods in place so your results will be trustworthy and meaningful. Good sampling techniques should also be employed so that any conclusions drawn are not biased toward one group over another due to unequal representation within the sample size being studied. Finally, proper interpretation of the results is key when drawing conclusions from statistical analysis; even if you have collected good quality data it could still mean nothing if you draw incorrect conclusions because you failed to consider all other possible factors that could explain why something happened in a particular way.