Define Statistic:
is the numerical measurement describing some characteristic of a sample.
A statistic is a quantitative measure that is used to summarize or describe a data set. Statistics can help in understanding the characteristics of a large group and can be used to make predictions or inferences about that group. Some common statistics include mean, median, mode, range, standard deviation, and correlation coefficients. Statistics are used in many fields, such as economics, psychology, medicine, and engineering, to name a few. They are foundational to scientific research and play an important role in making data-driven decisions.
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