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Statistics analyzes data in two primary ways, the first is called [[descriptive statistics]] which describes and summarizes the data. Often this will include things like: [[mean | the mean]], [[standard error]], or [[standard deviation]] each of these is an example of a [[statistic]]. Also statistics can attempt to infer relationships between the data collected and various hypothesis or populations, this is called [[inferential statistics]]. Both descriptive and inferential statistics comprise applied statistics. There is also a discipline called mathematical statistics, which is concerned with the theoretical basis of the subject.

Statistics analyzes data in two primary ways, the first is called [[descriptive statistics]] which describes and summarizes the data. Often this will include things like: [[mean | the mean]], [[standard error]], or [[standard deviation]] each of these is an example of a [[statistic]]. Also statistics can attempt to infer relationships between the data collected and various hypothesis or populations, this is called [[inferential statistics]]. Both descriptive and inferential statistics comprise applied statistics. There is also a discipline called mathematical statistics, which is concerned with the theoretical basis of the subject.

Statistics takes its name from the fact that it was traditionally taught to monarchs to enable them to manage affairs of state.

Statistics takes its name from the fact that it was traditionally taught to monarchs to enable them to manage affairs of state. <ref>http://www.etymonline.com/index.php?term=statistics</ref>

   

   

==Frequentist Approaches==

==Frequentist Approaches==