• Entry
  • Reader's guide
  • Entries A-Z
  • Subject index

Statistic

A statistic is simply a numerical summary of the sample data. For example, data analysts often use familiar sample statistics such as sample means, sample variances and standard deviation, sample percentiles and medians, and so on to summarize the ...

    • Loading...
    locked icon

    Sign in to access this content

    Get a 30 day FREE TRIAL

    • Watch videos from a variety of sources bringing classroom topics to life
    • Read modern, diverse business cases
    • Explore hundreds of books and reference titles