Statistical properties refer to the characteristics and behaviors of data that can be analyzed using statistical methods. These properties help in understanding the distribution, central tendency, and variability of data sets. Common statistical properties include measures like mean, median, mode, variance, and standard deviation, which provide insights into the data's overall patterns. Understanding statistical properties is essential for making informed decisions based on data. For example, in fields like economics, healthcare, and social sciences, these properties help researchers and analysts interpret data accurately, identify trends, and draw meaningful conclusions from their findings.