# statistics meaning

[ stə'tistiks ] Pronunciation: "statistics" in a sentence

**Noun:**

**statistics**stu'tistiks

- 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

- A datum that can be represented numerically

**See also: **statistical, statistician

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

**Encyclopedia:** Statistic

[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:**

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.

- bayesian statistics: [Economics]A stati ...
- correlational statistics: Noun: correlationa ...
- financial statistics: [Economics]A month ...

## Examples

More: Next- get me a printout of the
*statistics*. - he went over some other
*statistics*in his own mind. - a few
*statistics*will illustrate the general trend. - government
*statistics*indicate that prices have gone down. - the theory of errors is based on the theory of
*statistics*.