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Descriptive statistics are very useful for showing and summarizing data when any complex models are nit needed. However, it does not explain the relationship between two or more pieces of data and it does not leave any room to explain randomness in the data.
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What are the advantages and disadvantages of data collection methods in statistics?
There are both advantages and disadvantages of data collection methods in statistics. The main advantages are the metrics and correlation one can draw from statistics. The disadvantages stem from sampling errors.
What are the advantanges and disadvantages of variance in statistics?
There are many advantages and disadvantages of variance in statistics. One disadvantage is that you never know what answer you'll get.
What is the main purpose of descriptive statistics?
Descriptive statistics is the branch of statistics concerned with the collection, organization, summation and presentation of data.
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.
Compare and contrast descriptive statistics and inferential statistics?
Descriptive statistics are meant to describe the situation such as the average or the range. Inferential statistics is used to differentiate between a couple of groups.
What are the advantages and disadvantages of data collection methods in statistics?
There are both advantages and disadvantages of data collection methods in statistics. The main advantages are the metrics and correlation one can draw from statistics. The disadvantages stem from sampling errors.
What are the advantages and disadvantages of parametric statistics?
no
What are the advantanges and disadvantages of variance in statistics?
There are many advantages and disadvantages of variance in statistics. One disadvantage is that you never know what answer you'll get.
What are the advantages and disadvantages of inferential statistics?
One advantage of inferential statistics is that large predictions can be made from small data sets. However, if the sample is not representative of the population then the predictions will be incorrect.
Discuss the importance of descriptive statistics in business organisations?
Discuss the importance of descriptive statistics
What is an example of descriptive statistics?
Examples of descriptive statistics are mean, median, mode, and midrange.
What is the main purpose of descriptive statistics?
Descriptive statistics is the branch of statistics concerned with the collection, organization, summation and presentation of data.
What are five uses of statistics?
descriptive statistics
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.
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 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 are the two kinds of statistics?
Descriptive and Inferential Statistics
