Statistics involves collecting, organizing, summarizing, presenting, and analyzing data to draw valid conclusions. It can be used to describe characteristics of groups through descriptive statistics or make inferences about larger populations based on samples using inferential statistics. Common techniques for summarizing data include frequency distributions, measures of central tendency like mean, median and mode, and measures of dispersion like range, interquartile range, and standard deviation. Properly collecting a sample from a population allows researchers to make inferences about the population.