Statistical Tools
Statistical tools are methods and techniques used to collect, analyze, and interpret data. They help researchers and analysts make sense of complex information, allowing them to identify patterns, trends, and relationships. Common statistical tools include measures like mean, median, and mode, which summarize data, as well as standard deviation and variance, which assess variability.
In addition to basic calculations, statistical tools also encompass more advanced techniques such as regression analysis and hypothesis testing. These methods enable users to make predictions and draw conclusions based on data. By utilizing these tools, individuals and organizations can make informed decisions and improve their understanding of various phenomena.