Statistics

Statistics is a method or technique which will enable us to approach a problem of determining a course of action in a systematic manner in order to reach the desired results. In other words, statistics is the collection of great masses of numerical information that is summarized and then analyzed for the purpose of making decisions; that is, the use of past information is used to predict future actions. In this chapter, we will look at some of the basic concepts and principles of statistics:

1) Frequency Distribution

2) The Mean

3) Median

4) Mode

5) Probability