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The reference book that provides current information about statistics is typically known as a statistical handbook or almanac. These resources contain a wealth of data, tables, and explanations on various statistical concepts, methods, and analyses. Examples of popular statistical handbooks include "The Statistical Abstract of the United States" and "The Handbook of Statistics." These books are essential for researchers, analysts, and students looking for reliable and up-to-date statistical information.
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What is the main objective of multivariate statistics analysis?
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.
What is the rationale of studying statistics?
There are very many things in life where the outcome is uncertain. Studying statistics gives you the tools to make sense of the information, validate the information and helps you to make rational decisions based on statistics.
What format for presenting statistics is best for enhancing comprehension and providing adequate information?
The format to present statistics in a graph or chart. This will enhance comprehension and provide adequate information because it gives the audience a visual and the ability to easily compare variables.
Does quantitative research involves descriptive statistics?
I have worked in Quant Research for over three years and yes it gives descriptive statistics. The best part is that we obtain all of the information and it can be sorted, graphed, highlighted, mapped, or as descriptive any way you want.
What is statistics and data?
Statistics are values that give information about a group. For example, 60% of teens in the US graduate high school is a statistic because it gives a number, 60%, to tell information about a group of people, teenagers. (This statistic was made up for an example). Data is the information collected to formulate that statistic. Using the previous example, the data would be the numbers recorded of teens that graduate throughout the US to come up with 60%. Data develops a statistic, and a statistic provides information about a specific topic.
