Credit:NYC Media LabCC-BY-SA 2.0

Q:A:### Quick Answer

**The purpose of statistics is to allow sets of data to be compared so that analysts can look for meaningful trends and changes.** Analysts review the data so that they can reach conclusions regarding its meaning. Statistics allow people to see how things are or are not correlated and how a change in one variable might affect another.

Statistics are used by marketing firms, companies that delve in the financial world, researchers, manufacturing organizations and government groups. Without statistics, the numerical information collected is useless. A goal of statistics is to find meaning in the provided data and determine what variations are meaningful and which ones occur merely by chance.

Learn more about StatisticsSources:

- Q:
## What is a residual in statistics?

A:

Full Answer >**"Residual" in statistics refers to the difference between the calculated value of the dependent variable against a predicted value.**The mean and the sum of the residuals are always equal to zero, and the value is positive if the data point is above the graph and negative if below it.Filed Under: - Q:
## Who is the father of statistics?

A:

Full Answer >**Sir Ronald Aylmer Fisher, a British statistician, is considered by many to be the father of the modern science of statistics.**The Danish statistician Anders Hald recognized him as a genius who built the foundations for modern statistical science, according to Wikipedia.Filed Under: - Q:
## What are descriptive statistics?

A:

Full Answer >**Descriptive statistics are descriptions of the main factors of a group of data or a summary of the information.**These statistics give a snapshot of the information that has been gathered. This type of information is often used when there are so many variables in a data cluster that it would be nearly impossible to list or graph every single factor of the information.Filed Under: - Q:
## What are AP statistics?

A:

Full Answer >**Advanced Placement, or AP, Statistics is an accelerated high school course involving the collection, analysis and interpretation of mathematical data.**This non-calculus-based course challenges students to develop theories and draw conclusions by identifying trends and divergences in data patterns. The curriculum typically requires students to design mock studies and surveys.Filed Under: