Statistical properties

Statistical properties are characteristics of data that help summarize and analyze information. Key properties include measures like mean (average), median (middle value), mode (most frequent value), variance (how spread out the data is), and standard deviation (how much data points deviate from the average). These properties allow us to understand trends, make predictions, and draw conclusions from data. By studying these aspects, we can better interpret results, assess risks, and make informed decisions across various fields, from healthcare to finance.