Statistics is the study and manipulation of data, including ways to gather, review, analyze, and draw conclusions from data. · The two major areas of statistics are ...LinkedInwithBackgroundYourPrivacyRightsInvestopediaandourthird-partypartnersusecookiesandprocesspersonaldatalikeuniqueidentifiersbasedonyourconsenttostoreand/oraccessinformationonadevice,displaypersonalizedadsandforcontentmeasurement,audienceinsight,andproductdevelopment.TochangeorwithdrawyourconsentchoicesforInvestopedia.com,includingyourrighttoobjectwherelegitimateinterestisused,clickbelow.Atanytime,youcanupdateyoursettingsthroughthe"EUPrivacy"linkatthebottomofanypage.Thesechoiceswillbesignaledgloballytoourpartnersandwillnotaffectbrowsingdata.ListofPartners(vendors)Weandourpartnersprocessdatato:Activelyscandevicecharacteristicsforidentification.Useprecisegeolocationdata.Storeand/oraccessinformationonadevice.Selectpersonalisedcontent.Createapersonalisedcontentprofile.Measureadperformance.Selectbasicads.Createapersonalisedadsprofile.Selectpersonalisedads.Applymarketresearchtogenerateaudienceinsights.Measurecontentperformance.Developandimproveproducts.ListofPartners(vendors)IAcceptShowPurposesFinancialAnalysisHowtoValueaCompanyCorporateFinance&AccountingFinancialAnalysisWhatAreStatistics?Statisticsisabranchofappliedmathematicsthatinvolvesthecollection,description,analysis,andinferenceofconclusionsfromquantitativedata.Themathematicaltheoriesbehindstatisticsrelyheavilyondifferentialandintegralcalculus,linearalgebra,andprobabilitytheory.Statisticians,peoplewhodostatistics,areparticularlyconcernedwithdetermininghowtodrawreliableconclusionsaboutlargegroupsandgeneralphenomenafromtheobservablecharacteristicsofsmallsamplesthatrepresentonlyasmallportionofthelargegrouporalimitednumberofinstancesofageneralphenomenon.Thetwomajorareasofstatisticsareknownasdescriptivestatistics,whichdescribesthepropertiesofsampleandpopulationdata,andinferentialstatistics,whichusesthosepropertiestotesthypothesesanddrawconclusions.Som