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An Introduction To Statistics By Online Statistics Assignment Help Experts
What is statistics? • The form of calculative analysis used for quantifying synopses, models and representations for the given data is termed as statistics. • In this subject, we study methods for collecting, analysing, reviewing, and concluding data to get a resourceful result. • Statistics can be used in different sectors, such as - business, scientific, social, etc.
Branches of Statistics • Descriptive Statistics - Descriptive statistics is focused on collecting and presenting data. It is the first step of conducting any research. Statisticians should be conscious while choosing the sample and analysing the experiment without being bias. • Inferential Statistics - The statistics conducted by using descriptive statistics to find out the correct outcome and conclusion from appropriate statistical analysis is termed as inferential statistics.
Importance of statistics • It shows facts in a well-defined way. • If offers comparisons. • It gives clear data. • Statistics give future predictions. • It helps in developing hypothesis, testing, and theories.
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