Chapter 2 of Larson/Farber's statistics text covers descriptive statistics, including frequency distributions, graphical displays, measures of central tendency, variation, and position. Key concepts discussed include the organization of data into frequency distributions, the construction of various graphs such as histograms and stem-and-leaf plots, and the calculation of measures like mean, median, mode, range, and standard deviation. The chapter emphasizes the importance of understanding the shape and spread of data distributions to accurately interpret and analyze data sets.