Quantitative Reasoning Course for BS Honours Level Students Definition and Scope of Statistics Statistics is the branch of mathematics that deals with the collection, analysis, interpretation, presentation, and organisation of data. It provides tools and methods to make sense of numerical information, identify patterns, draw inferences, and make informed decisions under uncertainty. The scope of statistics is broad and interdisciplinary: Descriptive Statistics : Summarises and describes the features of a dataset, such as calculating means, medians, or creating charts to visualise data. Inferential Statistics : Uses sample data to make generalisations or predictions about a larger population, often involving hypothesis testing, confidence intervals, and regression analysis. Applied Fields : Extends to economics (e.g., forecasting trends), biology (e.g., clinical trials), social sciences (e.g., surveys), engineering (e.g., quality control), and data science (e.g., machine learning m...
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