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Get Online Statistics assignment help

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Get Online Statistics assignment help

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  1. STATISTICS

  2. What do you mean by statistics? Statistics is a mathematical science pertaining to the collection, analysis, interpretation or explanation, and presentation of data. Statisticians improve the quality of data with the design of experiments and survey sampling. Statistics also provides tools for prediction and forecasting using data and statistical models. Statistics is applicable to a wide variety of academic disciplines, including natural and social sciences, government, and business.

  3. Why Statistics Are Important Why statistics are important in our life? Statistics are the sets of mathematical equations that we used to analyze the things. It keeps us informed about, what is happening in the world around us. Statistics are important because today we live in the information world and much of this information’s are determined mathematically by Statistics Help.

  4. Awesome Reasons Why Statistics Are Important • Everybody watches weather forecasting. Have you ever think how do you get that information? There are some computers models build on statistical concepts. These computer models compare prior weather with the current weather and predict future weather. • Statistics mostly used by the researcher. They use their statistical skills to collect the relevant data. Otherwise, it results in a loss of money, time and data.

  5. Reasons Why Statistics Are Important 3) What do you understand by insurance? Everybody has some kind of insurance, whether it is medical, home or any other insurance. Based on an individual application some businesses use statistical models to calculate the risk of giving insurance. 4) In financial market also statistic plays a great role. Statistics are the key of how traders and businessmen invest and make money.

  6. Reasons Why Statistics Are Important 5) Statistics play a big role in the medical field. Before any drugs prescribed, scientist must show a statistically valid rate of effectiveness. Statistics are behind all the study of medical. 6) Statistical concepts are used in quality testing. Companies make many products on a daily basis and every company should make sure that they sold the best quality items. But companies cannot test all the products, so they use statistics sample.

  7. Statistics Help

  8. Types of Statistical Methods There are innumerable number of statistical methods which can be broadly classified into four types as thus: • (i) Descriptive methods • (ii) Analytical methods • (iii) Inductive methods • (iv) Inferential methods

  9. Descriptive Methods Descriptive Methods :This type of method consists of all the preliminary steps to final analysis and interpretation. As such this method includes the method of collection, methods of tabulation, measures of central tendency, measures of dispersion, measures of skewness, and analysis of time series. These methods bring out the various characteristics of data and help in summarizing and interpreting the salient features of the data. This method is also otherwise called descriptive statistics.

  10. Analytical Methods Analytical Methods :This type of method consists of all those methods which help in the matter of analysis and comparison between any two or more variables. This includes the methods of correlation, regression analysis, association of attributes and the like. This method is also otherwise called analytical statistics.

  11. Inductive Methods Inductive Methods :This type of method consists of all those procedures that help in the generalization or estimation over a phenomenon on the basis of random observation or partial data. This includes the procedure of interpolation, extrapolation, theory of probability and the like. This methods is also otherwise called inductive statistics.

  12. Inductive Methods Inductive Methods :This type of method consists of those procedures which help which in drawing inferences about the characteristics of the population on the basis of samples. As such, this method includes the theory of sampling, different tests of significance, statistical control etc. This method is also otherwise called inferential statistics.

  13. Contact Us Website: https://www.myhomeworkhelponline.com/online-statistics-homework-help/ Phone :+1 347 7321082

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