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What are the importance of statistics?

Updated: 10/15/2022

Wiki User

∙ 14y ago

Best Answer

Statistics will give you some tools with which you may analyse a set of data.

For example, what is the average selling price for houses in a particular area?

As a science or profession, it naturally has generated and uses a specialized vocabulary. Which is narrowly defined.

Statistics has many many applications, and in experimental science it has special insights to interpreting data from experiments.

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∙ 14y ago

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