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Mathematical statistics is the application of probability theory, a branch of mathematics, to statistics, as opposed to techniques for collecting statistical data. Specific mathematical techniques which are used for this include mathematical analysis, linear algebra, stochastic analysis, differential equations, and measure theory. [ 1][ 2]
Statistics is a mathematical body of science that pertains to the collection, analysis, interpretation or explanation, and presentation of data, [8] or as a branch of mathematics. [9] Some consider statistics to be a distinct mathematical science rather than a branch of mathematics. While many scientific investigations make use of data ...
Institute of Mathematical Statistics. The Institute of Mathematical Statistics is an international professional and scholarly society devoted to the development, dissemination, and application of statistics and probability. The Institute currently has about 4,000 members in all parts of the world. Beginning in 2005, the institute started ...
Mathematics is a field of study that discovers and organizes abstract objects, methods, theories and theorems that are developed and proved for the needs of empirical sciences and mathematics itself. There are many areas of mathematics, which include number theory (the study of numbers), algebra (the study of formulas and related structures ...
Probability theory is the formalization and study of the mathematics of uncertain events or knowledge. The related field of mathematical statistics develops statistical theory with mathematics. Statistics, the science concerned with collecting and analyzing data, is an autonomous discipline (and not a subdiscipline of applied mathematics).
The arithmetic mean (or simply mean or average) of a list of numbers, is the sum of all of the numbers divided by the number of numbers. Similarly, the mean of a sample , usually denoted by , is the sum of the sampled values divided by the number of items in the sample. For example, the arithmetic mean of five values: 4, 36, 45, 50, 75 is:
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