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Statistics has huge application in business and these are used to help in taking managerial decisions by the managers. Moreover, there are many statistical formulas which make too much convenience in taking managerial decisions.
They are also helpful in calculating GDP of a business or state.
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Why is statistics applied in education?
Because statistics is included in the study of mathematics.
What is applied statistics?
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What is social statistics?
Social statistics is the use of statistics applied to people and their behaviors, habits, and opinions. The most common way to acquire social statistics is through polls and surveys.
How is statistics applied to information technology?
You can apply statistics when examining efficiency, performance, or making prediction. This certainly has application within IT.
What are the two division of statistic?
Statistics as a science can be divided into two main classes, namely, statistical methods and applied statistics.
