In any data science task after preparing data and understanding data, data scientists want to understand what are features/attributes are there in the data to be extracted. how many categorical variables are there and how many numerical variables are there in the dataset. today in this blog we will only talk about numerical data only. as we want to understand how statistical methods help us to summarise and understand data better. I will focus on what are various statistical techniques are there and when to apply them to get a particular outcome in a given dataset. here are the topics to be covered: 1) Summary statistics 2) Sampling methods 3) Hypothesis testing 4) Estimation statistics 1) Summary statistics: They're some of the very basic methods are there in summary statistics to summarise given data distribution. like 1) Mean 2) Median 3) Mode 4) Standard deviation 5) Variance 6) Range 7) percentiles 8) Interquarantile range 9) Min/Max values...