Question

Statistics can be referred to as numerical facts. In a broader sense, statistics is the field of study dealing with the collection, analysis, presentation and interpretation of data.

Answer 1

Statistics can be define as the study, collection and presentation of data.

Step-by-step explanation:

Statistics can either be referred to as a field of study like mathematics or science, which studies the collection and analysis of data. Also, statistics can be referred to as a fact or 'Data Summarization'. e.g whether forecast in Texas.

Statistics also helps both individual and firms make decision.