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In this video tutorial, we will explore the top five open-source statistical software and tools that are free to use. Statistical analysis software is capable of integrating, interpreting, and analyzing a massive amount of data in a statistical framework. Various statistical inferences such as correlational analysis, mean comparison, regression analysis, and non-parametric analysis can be performed using tools like Pearson, Spearman, Chi-Square, t-test, ANOVA, simple and multiple regression, and Wilcoxon rank-sum test.