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L1 : Statistics overview - Statistics, Mathematics, Class 11 Video Lecture

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FAQs on L1 : Statistics overview - Statistics, Mathematics, Class 11 Video Lecture

1. What is the definition of statistics?
Ans. Statistics is a branch of mathematics that involves collecting, analyzing, interpreting, presenting, and organizing data. It helps in making informed decisions and drawing conclusions based on numerical facts.
2. What is the importance of statistics in mathematics?
Ans. Statistics plays a vital role in mathematics as it allows us to make sense of large amounts of data and draw meaningful conclusions. It helps in making predictions, understanding trends, and making informed decisions based on data analysis.
3. How is statistics used in everyday life?
Ans. Statistics is used in various aspects of everyday life. For example, it helps in analyzing opinion polls, predicting weather patterns, understanding market trends, calculating probabilities, determining risks, and making financial decisions.
4. What are the different types of statistics?
Ans. There are two main types of statistics: descriptive statistics and inferential statistics. Descriptive statistics involve organizing, summarizing, and presenting data in a meaningful way. Inferential statistics, on the other hand, involve making inferences and drawing conclusions based on sample data.
5. What are the basic concepts in statistics?
Ans. Some basic concepts in statistics include mean, median, mode, range, standard deviation, probability, sampling, hypothesis testing, and data visualization. These concepts are fundamental in analyzing and interpreting data.
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