what is statistic? explain the function of statistics
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statistic (singular) or sample statistic is a single measure of some attribute of a sample (e.g., its arithmetic mean value). It is calculated by applying a function (statistical algorithm) to the values of the items of the sample, which are known together as a set of data.
More formally, statistical theory defines a statistic as a function of a sample where the function itself is independent of the sample's distribution; that is, the function can be stated before realization of the data. The term statistic is used both for the function and for the value of the function on a given sample.
A statistic is distinct from a statistical parameter, which is not computable, because often the population is too large to examine and measure all its items. However, a statistic, when used to estimate a population parameter, is called an estimator. For instance, the sample mean is a statistic that estimates the population mean, which is a parameter.
When a statistic (a function) is being used for a specific purpose, it may be referred to by a name indicating its purpose: in descriptive statistics, a descriptive statistic is used to describe the data; in estimation theory, an estimator is used to estimate a parameter of the distribution (population); in statistical hypothesis testing, a test statistic is used to test a hypothesis. However, a single statistic can be used for multiple purposes – for example the sample mean can be used to describe a data set, to estimate the population mean, or to test a hypothesis.
More formally, statistical theory defines a statistic as a function of a sample where the function itself is independent of the sample's distribution; that is, the function can be stated before realization of the data. The term statistic is used both for the function and for the value of the function on a given sample.
A statistic is distinct from a statistical parameter, which is not computable, because often the population is too large to examine and measure all its items. However, a statistic, when used to estimate a population parameter, is called an estimator. For instance, the sample mean is a statistic that estimates the population mean, which is a parameter.
When a statistic (a function) is being used for a specific purpose, it may be referred to by a name indicating its purpose: in descriptive statistics, a descriptive statistic is used to describe the data; in estimation theory, an estimator is used to estimate a parameter of the distribution (population); in statistical hypothesis testing, a test statistic is used to test a hypothesis. However, a single statistic can be used for multiple purposes – for example the sample mean can be used to describe a data set, to estimate the population mean, or to test a hypothesis.
prashanth13:
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statistics is a branch of mathematics which deals with the collection, presentation, analysis and interpretation of numerical data.
1) Statistics helps in providing a better understanding and exact description of a phenomenon of nature.
2) Statistics helps in the proper and efficient planning of a statistical inquiry in any field of study.
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