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Q: What are ways statistics is used?
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Are statistics used in financial formulas in Excel worksheets?

Yes, they can be. There are a huge amount of ways that statistics could be used in financial formulas.


3 ways of presenting data in statistics?

ways of presenting data in statistics


How statistics are used in the medical field?

Statistics are used in many different ways in the medical field. Mainly they are used to evaluate medical practice, the efficacy and safety of drugs and to assess diseases.Data from many sources (e.g. primary care records, clinical trials, observational studies, etc) are analysed to create statistics. These statistics are then collected and evaluated to ultimately improve medical practice.For more information on the use of statistics see http://www.medicalstatistician.com/


What are 3 types of variables?

There are many ways of categorising variables. One classification, used in statistics, is Nominal, Ordinal and Interval.


How many ways arrange the word statistics?

The letters of the word statistics can be permuted in 10!/(3!*3!*2!) = 3,628,800/72 = 50,400 ways.


Why are graphs useful?

Graphs are useful in various ways. They are commonly used in statistics to represent data which can be easily interpreted by other users.


What are the information used in statistics?

information can be used in statistics is known as ( 3 letters)


Numerical ways of expressing information are called?

Numerical ways of expressing information are called statistics.


Are statistics used in financial Formulas?

Yes, statistics are used in financial formulas if they are available. The integrity and accuracy of the statistics determine if they are chosen to be used in the first place.


How can statistics be applied in payroll?

Statistics are applied to payroll in many different ways. The determination of the unemployment rate is found by applying payroll statistics. Without applying statistics to payroll the unemployment rate would not be found.


How are statistics used in the workplace?

Statistics are used in the workplace to explain money and buying trends for example. Statistics say what people will spend and when for example.


Properties of mode in statistics?

properties of mode as used in statistics