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In descriptive statistics, summary statistics are used to summarize a set of observations, in order to communicate as much as possible as simply as possible. Statisticians commonly try to describe the observations in
  1. a measure of location, or central tendency, such as the arithmetic mean, median, mode, or interquartile mean
  2. a measure of statistical dispersion like the standard deviation, variance, range, or interquartile range, or absolute deviation.
  3. a measure of the shape of the distribution like skewness or kurtosis

The Gini coefficient was originally developed to measure income inequality, but can be used for other purposes as well.

See also: descriptive statistics, statistical theoryThe theory of statistics includes a number of topics: Statistical models of the sources of data and typical problem formulation: # Sampling from a finite population #Measuring observational error and refining procedures #Studying statistical relations Pla

StatisticsStatistics is the science and practice of developing human knowledge through the use of empirical data. It is based on statistical theory which is a branch of applied mathematics. Within statistical theory, randomness and uncertainty are modelled by proba

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