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The main objective of multivariate statistics analysis is to provide information to companies who need that specific information. This method gives a good overview of information.
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.
Facts, statistics, examples, and anecdotes are all types of evidence used to support arguments or claims in writing and speaking. Facts provide objective information, while statistics offer numerical data to quantify trends or patterns. Examples illustrate ideas through specific instances, and anecdotes add a personal touch by sharing relevant stories. Together, these elements enhance the persuasiveness and credibility of communication.
Psychological statistics is the application of statistics to psychology.