Statistics

Study of data collection, analysis, interpretation, and presentation.

Types of DataCollecting DataDescribing Data: Charts and Summaries
Probability and RandomnessStatistical InferenceCorrelation and Causation
Sports and PerformanceHealth and MedicineBusiness and Marketing
Breaking Down ProblemsChecking Your Work
Types of DataCollecting DataDescribing Data: Cha...Probability and Rand...Statistical Inferenc...Correlation and Caus...Sports and Performan...Health and MedicineBusiness and Marketi...Breaking Down Proble...Checking Your Work
Practical Applications

Business and Marketing

Statistics Drive Business Decisions

Companies collect and analyze data to understand customers, improve products, and boost profits.

How It's Used

  • Market research: Find out what customers want.
  • Sales data analysis: Spot trends in buying habits.
  • Advertising: Test which ads get the most clicks.

Real-World Impact

Businesses that use statistics make smarter choices, spend less money, and keep customers happier.

Fun Twist

Even social media apps use stats to recommend videos you'll love!

Examples

  • A company tests two versions of an ad and picks the one with better results.

  • Stores analyze past sales to decide how much to stock for the holidays.

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Breaking Down Problems