Introduction
Statistics is a branch of mathematics, aimed at collecting and analyzing data via different methods such as analysis of variance, kurtosis, skewness or regression analysis. Nowadays, statistics helps processing data with a help of creating various charts that in turn help visualizing complex data sets. There are two major types of statistics, descriptive statistics and inferential statistics. Descriptive and inferential statistics require proper hypothesis formation and thus proper selection of the statistical tests that in turn have to be analyzed and interpreted successfully.
Descriptive Statistics
Descriptive statistics implies application of various coefficients that simplify process of data processing and aggregation (Trochim, ...