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Your question is extremely broad. Perhaps if you could name the particular field or industry, I could better respond.
The area of classical statistics includes making inferences of population parameters such as standard deviation and the mean based on limited samples. This area has very wide use in many industries. The area of descriptive statistics, where the visual display of data to aid is used in the interpretation is used extensively. In more technical and engineering analysis, regression analysis is used to develop relationships between independent and dependent variables. Quality control charts based on statistics are used in manufacturing.
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Use of statistical techniques in capital market?
Use of statistical techniques in capital market?"
Definition of quantitative Techniques and Name two major divisions in which you con divide these techniques?
Quantitative Techniques are those statistical and operation research techniques which help in the decision making process especially concerning business and industry. These techniques involve the introduction of the elements of quantities i.e. they involve the use of numbers, symbols and other mathematical expressions. two major divisions in which we can divide these techniques are- 1) Statistical Techniques (or Statistical methods and measures) 2) Programming Techniques (or Operations Research)
What is the use of statistical inference in technology?
What is the use of statistical inference in technology?
Common statistical data used in health administration?
common statistical data use in health administration
Can you use the mean to answer a statistical question?
Yes
