📊Data can be categorized into numerical data and categorical data, which are further divided into nominal and ordinal.
🔢Numerical data can be discrete or continuous, while categorical data can be nominal or ordinal.
📈Distributions, such as the normal distribution, describe the probability of certain values in a dataset.
🔍Parameters, represented by Greek letters like mu and sigma, estimate characteristics of a population.
📝Hypothesis testing compares sample statistics to null and alternative hypotheses to determine if there is enough evidence for the alternative hypothesis.