Lec 4: Statistics 1- a. Difference between Mathematics and Statistics | b. Data and it's Types

In this lecture , we explore the fundamental difference between Mathematics and Statistics, along with a clear understanding of Data.
🔹 Mathematics is based on deterministic rules, formulas, and theoretical concepts. It deals with exact values and precise calculations using equations like f(x) = mx + c.
🔹 Statistics, on the other hand, focuses on real-world data. It is probabilistic in nature and involves concepts like variation, averages, and prediction. Statistics help in analyzing data and making informed decisions under uncertainty.

📌 What is Data?
Data refers to raw facts and figures collected for analysis. It can be in the form of numbers, text, measurements, or observations. Data is the foundation of data analytics and is used to extract meaningful insights.

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Видео Lec 4: Statistics 1- a. Difference between Mathematics and Statistics | b. Data and it's Types канала Oriondatascientist