What are statistics?

Branch of mathematics concerned with collection, classification, analysis, and interpretation of ... [BusinessDictionary.com] TERM OF THE DAY SEPTEMBER 30, 2016 [statistics] [facebook] [twitter] 1. [Branch] of mathematics concerned with [collection], [classification], [analysis], and interpretation of numerical facts, for drawing inferences on the basis of their [quantifiable] [likelihood] (probability). Statistics can interpret aggregates of [data] too large to be intelligible by [ordinary] observation because such data (unlike [individual] quantities) tend to behave in regular, predictable manner. ... [Read more] USAGE EXAMPLE The student used statistics to show the teacher that low scores on the test were really his fault for not teaching them well enough. FRIDAY QUIZ CHALLENGE QUESTION Buying or selling the securities of a publicly traded firm by an insider to benefit from insider information. CHOOSE THE ANSWER [(A) norm] [(B) insider trading] [(C) translation] [(D) career] TODAY'S LATEST [InvestorGuide Daily] [SolarCity: Great Trading Opportunities Ahead] [As my followers would know, I have advised trading SolarCity (SCTY) several times over the last few months. Although my long-term stance on SolarCity is bearish, I have recommended ...Read more] [InvestorGuide Stock of the Day] [Lexmark International (LXK) Stock Rockets After CFIU Approves Takeover by Apex] [Shares of Lexmark International Inc. (LXK) were trading up +4.86 or +13.83 percent to $39.99 per share in Friday's premarket after the U.S. CFIU determined that the company's ...Read more] RECOMMENDED LINKS [Business Dictionary Recommended] [New Age Marketing with Social Media] [The World Wide Web has changed the way companies advertise and market their businesses. The days of newspaper and expensive yellow page ads are over. ...] [BusinessDictionary.com] [Investor Guide Recommended] [Accounts Receivable and Inventory Operational Metrics] [Accounts receivable and inventory are two important accounts for a company in terms of how both accounts can have a significant impact on the cash balance and working capital in a ...] [InvestorGuide.com] [DQ] [If someone does not respect his/her own mother, what should the mother do?] [Have something to say? Don't be shy, answer this question and let us know what you think. Feeling adventurous? Then don't stop with one question and continue browsing!] [Daily-Question.com] DOWNLOAD OUR APP [Download BD Android] [Download BD iOS] Copyright 2016 WebFinance Inc. All Rights Reserved. BusinessDictionary.com Term of the Day is published by WebFinance Inc., the operators of [InvestorWords], [InvestorGuide], and [BusinessDictionary], and is sent only to those who have specifically requested it. [MANAGE SUBSCRIPTION] | [DISCLAIMER] 10201 Fairfax Boulevard, Suite 570, Fairfax, VA 22030