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In this video, the top five open-source statistical software and tools are discussed. Open-source software is free to use. Statistical analysis software is capable of interpreting and analyzing large amounts of data in a statistical framework. Different statistical inferences such as correlational, means comparison, regression, and non-parametric tests are mentioned, including Pearson, Spearman, chi-square, t-test, ANOVA, simple and multiple regression, and Wilcoxon rank-sum.