Mathematical statistics is the study of statistics from a mathematical standpoint, using probability theory as well as other branches of mathematics such as linear algebra and analysis. The term "mathematical statistics" is closely related to the term "statistical theory" but also embraces modelling for actuarial science and non-statistical probability theory.
Statistics deals with gaining information from data. In practice, data often contain some randomness or uncertainty. Statistics handles such data using methods of probability theory.
Read more about Mathematical Statistics: Introduction, Statistics, Mathematics, and Mathematical Statistics
Famous quotes containing the words mathematical and/or statistics:
“The circumstances of human society are too complicated to be submitted to the rigour of mathematical calculation.”
—Marquis De Custine (1790–1857)
“Maybe a nation that consumes as much booze and dope as we do and has our kind of divorce statistics should pipe down about “character issues.” Either that or just go ahead and determine the presidency with three-legged races and pie-eating contests. It would make better TV.”
—P.J. (Patrick Jake)