Statistical Theory
Statistical theory is a branch of mathematics that deals with the analysis, interpretation, and presentation of data. It provides a framework for understanding how to collect, analyze, and draw conclusions from data. Statistical theory includes a range of methods for describing and modeling data, including probability theory, hypothesis testing, and regression analysis. It is used in a variety of fields, including business, economics, social sciences, and natural sciences, to make informed decisions based on data. The goal of statistical theory is to provide a systematic approach to understanding and interpreting data, and to provide a basis for making predictions and drawing conclusions about populations based on samples.
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