Statistics is a mathematical science pertaining to the collection, analysis, interpretation or explanation, and presentation of data. It is applicable to a wide variety of academic disciplines, from the physical and social sciences to the humanities. Statistics are also used for making informed decisions – and misused for other reasons – in all areas of business and government. Statistical methods can be used to summarize or describe a collection of data; this is called descriptive statistics. In addition, patterns in the data may be modeled in a way that accounts for randomness and uncertainty in the observations, and then used to draw inferences about the process or population being studied; this is called inferential statistics. Both …show more content…

All of the possible outcomes of the experiment are called the sample space, while one specific outcome is known as an event. This form of probability is commonly used today in casinos, sports betting, and other forms of gambling. Statistics in sports provides information to the players, coaches, viewers, gamblers, and analysts. Stats help players learn other players tendencies such as where the ball will be hit, percentage of times a certain pitch is thrown, or avg. against a lefty or right pitcher. Stats help coaches learn more about their players and what needs to be improved upon in that player. An example of that is if a coach sees that a players dropped pass percentage is low they would want to work on catching the ball. Statistics help viewers and gamblers so that they can see the probability of something happening or what a certain player is good at. Also viewers and fans play fantasy sports. Fantasy sports is is a game where fantasy owners build a team that competes against other fantasy owners based on the statistics generated by individual players or teams of a professional sport. Probably the most common variant converts statistical performance into points that are compiled and totaled according to a roster selected by a manager that makes up a fantasy team. These point systems are typically simple enough to be manually