statistics meaning

[ stə'tistiks ] Pronunciation:   "statistics" in a sentence
Noun: statistics  stu'tistiks
  1. A branch of applied mathematics concerned with the collection and interpretation of quantitative data and the use of probability theory to estimate population parameters
    - stats
Noun: statistic  stu'tistik
  1. A datum that can be represented numerically

See also: statistical, statistician

Type of: applied math, applied mathematics, data point, datum

Encyclopedia: Statistic

Statistics


[Economics]
1) The collection of data and the mathematical methods used to draw inferences about the relations between different variables. This involves the use of techniques such as linear regression and rank correlation.

See also:

Bayesian statistics

2) The numbers which are used to describe the functions fitted to data in summary form. Sufficient statistics are a set of parameters which contain or imply all available information about the functions they describe. If the fitted function is a normal distribution, for example, its mean and variance serve to describe it completely and uniquely.


[Finance]
A type of mathematical analysis involving the use of quantified representations, models and summaries for a given set of empirical data or real world observations. Statistical analysis involves the process of collecting and analyzing data and then summarizing the data into a numerical form.

[Medicine]
The science and art of collecting,summarizing,and analyzing data that are subject to random variation. The term is also applied to the data themselves and to the summarization of the data.

[Computer]
<statistics, mathematics> The practice, study or result of the application of mathematical functions to collections of data in order to summarise or extrapolate that data.

The subject of statistics can be divided into descriptive statistics - describing data, and analytical statistics - drawing conclusions from data.

Examples

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  1. get me a printout of the statistics.
  2. he went over some other statistics in his own mind.
  3. a few statistics will illustrate the general trend.
  4. government statistics indicate that prices have gone down.
  5. the theory of errors is based on the theory of statistics.

Related Words

  1. statistical time division multiplexing meaning
  2. statistical tracking error meaning
  3. statistically meaning
  4. statistically significant meaning
  5. statistician meaning
  6. statistics (pt) meaning
  7. statistics [publication type] meaning
  8. stative meaning
  9. stative verb meaning
  10. statmho meaning
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