What is statistical analysis?

Statistical analysis is a method used to understand data by analyzing and summarizing it. It involves collecting and examining numerical data, identifying patterns and trends, making inferences and drawing conclusions from the data, and testing hypotheses. Statisticians use various techniques such as descriptive statistics, probability, hypothesis testing, regression analysis, and data visualization to perform statistical analysis. Statistical analysis is widely used in fields such as business, healthcare, social sciences, and government to make informed decisions and solve complex problems.

This mind map was published on 21 June 2023 and has been viewed 109 times.