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The statistics methods are loosely categorised in two separate concepts.
1. descriptive Statistics
2. Inferencial Statistics
Any treatment of data leading to collection presentation and summaries of numerical data is known as descriptive statistics.
Making general statements from the study of particular cases, or nay treatment of data that leads to prediction or inference concerning a larger group of data, is known as inferential statistics.
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What are the sub-branches of economics that relies on fields of statistics and mathematics?
Some of the sub-branches of economics that rely on fields of statistics and mathematics are econometrics, transport economics, managerial economics and international economics.
What are the three ways of presenting data in statistics?
Ways on how to present data: 1. Textual 2. Tabular 3. Graphical Now search for the branches under those topics!
Where you use rounded off numbers?
In different branches of math. For example. in statistics you nee d to find the standard deviation and your calculated number is an irrational number, you need to round it off.
Types of statistics?
There are two types of statistics. One is called descriptive statistics and the other is inferential statistics. Descriptive statistics is when you use numbers. Inferential statistics is when you draw conclusions or make predictions.
What is the definition for Psychological Statistics?
Psychological statistics is the application of statistics to psychology.
