Those methods involving the collection, presentation, and characterization of a set of data in order to properly describe the various features of that set of data are called descriptive statistics.
Descriptive statistics:- Descriptive statistics helps to describe, summarize and organize the set of data efficiently and in an informative way, so that it'll be easier to make conclusion about the data in order to make rational decisions. This method describes the characteristics of a dataset.
Example:- The average test score for the students of a particular class, gives descriptive sense of the typical scores.
There are three types of descriptive statistics-
- Univariate statistics:- It summarizes only one variable at a time.
- Bivariate statistics:- It compares between two variables.
- Multivariate statistics:- It compares between more than two variables.
Thus we can conclude that, those methods involving the collection, presentation, and characterization of a set of data in order to properly describe the various features of that set of data are called descriptive statistics.
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