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data classification in statistics
relation between accounting and statistics is:it helps in the rational [true} decision making. statistics is concerned with typical value, behaviour or trend over a period of time of series of observations. statistics are useful in developing accounting data and their interpretation
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Class intervals are of two types; exclusive and inclusive. The class interval that does not include upper class limit is called an exclusive type of class interval. The class interval that includes the upper class limit is called an inclusive type of class interval. Example: Inclusive series is the one which doesn't consider the upper limit, for example, 00-10 10-20 20-30 30-40 40-50 In the first one (00-10), we will consider numbers from 00 to 9.99 only. And 10 will be considered in 10-20. So this is known as inclusive series. Exclusive series is the one which has both the limits included, for example, 00-09 10-19 20-29 30-39 40-49 Here, both 00 and 09 will come under the first one (00-09). And 10 will come under the next one.
At a guess exponentials, series and statistics would have been important in studying micro-organisms.