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Internal data refer to the measurements that are the by product pf routine business record keeping like accounting, finance, production,personnel, quality control, sales etc of an organization.
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3 ways of presenting data in statistics?
ways of presenting data in statistics
Why it is said all statistics are data but all data are not statistics?
All statistics are data because all statistics are formed of numbers and numbers are a type of data (numrical). But not all data is statistics because not all data is numbers, it can also be words, pictures etc. It's like saying all apples are fruit but all fruit are not apples.
How is data collected and used for the purpose of national statistics?
how is data collected and used for the purpose of national statistics
What is discrete data in statistics?
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What it is the difference between statistic and statistics?
Statistic is singular; statistics is plural. Statistic is a single data point. Statistics is the study of collections of related data points.
3 ways of presenting data in statistics?
ways of presenting data in statistics
Importance of statistics to business?
Businesses rely heavily on statistics to determine consumer trends and calculate important economic data. The data that is collected and the information derived from that data is useful in planning an advertising strategy based on demographics and geographies, and internal statistical data guides the business on how they should allocate their resources to insure the greatest profit margin.
What are cases in statistics?
In statistics, cases are comprised of the data that is being studies. The cases in statistics can be updated frequently as the data changes.
What are descriptive statistics and inferential statistics?
Descriptive statistics is a summary of data. Inferential statistics try to reach conclusion that extend beyond the immediate data alone.
Why it is said all statistics are data but all data are not statistics?
All statistics are data because all statistics are formed of numbers and numbers are a type of data (numrical). But not all data is statistics because not all data is numbers, it can also be words, pictures etc. It's like saying all apples are fruit but all fruit are not apples.
Statistics may be regarded as the study of the reduction of the data?
The answer is generally no. I note there is no hard and fast definition of the field of statistics. The definition of the field or discipline of statistics is not to reduce the number of values in the set of collected data. An objective of statistics is to characterize or add meaning to the collected data, through calculated values of the data. In this sense, statistics summarizes the data.
What is descriptive data?
Descriptive data is data that is used to summarize or describe samples of data. Descriptive data is different from inferential statistics because inferential statistics uses data to learn from it.
How is data collected and used for the purpose of national statistics?
how is data collected and used for the purpose of national statistics
What is raw facts or statistics?
Data is considered to be raw facts or statistics. Data is raw and unorganized facts. Raw data is also called primary data.
What is descriptive mean?
descriptive statistics-quantitavely describe the main features of a collection of data. Descriptive statistics are distinguished from inferential.Statistics(or inductive statistics),in that descriptive statistics aim to summarize a data set,rather than use the data to learn about the population that the data are thought to represent.
What do statistical mean?
descriptive statistics-quantitavely describe the main features of a collection of data. Descriptive statistics are distinguished from inferential.Statistics(or inductive statistics),in that descriptive statistics aim to summarize a data set,rather than use the data to learn about the population that the data are thought to represent.
What is the opposite to raw data?
Grouped Data. (statistics)
