Two main branches of statistics are described: descriptive statistics and inferential statistics. Descriptive statistics focuses on collecting, summarizing, and presenting data, while inferential statistics analyzes sample data to draw conclusions about the overall population. Statistics has many applications including actuarial science, biostatistics, business analytics, demography, econometrics, environmental statistics, epidemiology, geostatistics, operations research, population ecology, psychology, quality control, and various fields of physics.