Meaning & Definition of word "Statistic"

Statistic

/stəˈtɪs.tɪk/

1. A numerical datum that represents a characteristic of a sample or a population.
- Example: The statistic shows that 60% of the surveyed population prefers online shopping.
2. A branch of mathematics that deals with the collection, analysis, interpretation, and presentation of numeric data.
- Example: She studied statistics at university to better understand data analysis.
3. A single piece of numerical data, especially one obtained from a collection of data.
- Example: The unemployment rate is an important economic statistic.

Derived from the German word 'Statistik', which relates to state affairs.

statistical significance:

A determination that a result is unlikely to have occurred by chance.

banking statistics:

Data related to financial institutions or their operations.

vital statistics:

Data related to life events such as births, deaths, and marriages.

analyze:

To examine data in detail to understand it better.

data:

Facts and statistics collected for reference or analysis.

sample:

A part or subset of a larger population used to represent the whole.

mean:

The average value in a data set.

Meaning: Stat

Example Sentence: I just need the stat on our sales for this quarter.

Meaning: The numbers

Example Sentence: Let's look at the numbers before making a decision.