Vast amounts of data are generated every day. Statistics transforms data into meaningful information. People who practice the science of learning from data are called statisticians. Statisticians ...

Explain why probability is important to statistics and data science. See the relationship between conditional and independent events in a statistical experiment. Calculate the expectation and variance ...

Circular statistics is a specialised subfield of statistics that focuses on analysing data points distributed on a circle. Unlike conventional linear statistics, circular data is characterised by ...

Jackpot games are built on uncertainty, but that does not mean every decision has to be based on instinct. Even though ...

Learn how prior probability informs economic theory and decision-making in Bayesian statistics. Understand its role before collecting new data.

Statistics influence nearly everything. That is, the information and context derived from statistical analysis help to shape important decisions that have local, national, and global impacts. For ...

A statistics major prepares students to use data to confront real-world problems. Statistics is relevant to topics ranging from disease prevention to storm prediction, and learning how to collect and ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

This guidance note discusses how to report statistics and data, while avoiding some of the pitfalls. Advice in assessing the creditability of data-based stories; statistical checking or how to report ...