ELI5: Explain Like I'm 5

Exact statistics

Exact statistics is a way to count things super carefully to make sure we don't make any mistakes. It's like if we want to know how many grapes are in a bowl, we count each grape one by one to get the exact number.

Sometimes people might say, "There are around 50 grapes in the bowl," but with exact statistics, we want to be sure that there are exactly 50 grapes in the bowl. We might use exact statistics when we need to know something very precise, like how much medicine to give to someone or how much money we need to pay for something.

To get exact statistics, we need to make sure we count everything correctly and don't miss anything. We might use special tools like calculators or computers to help us. It's kind of like doing a puzzle where we have to fit all the pieces together perfectly to get the right answer.

Overall, exact statistics is about being really careful and making sure we get the exact answer to something, so we can make good decisions based on that information.