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Statistics is an analytical tool that helps people make rational decisions. Almost everyone understands what an average value is, and while that is useful information in making comparisons (as in shopping) it doesn't tell the whole story. To know that two numbers are really different you need to know about the spread in the data and that is one of the key concepts in statistics.
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How can I pass statistics and algebra?
Put in the effort to learn the subjects!
How statistics is useful in business management?
Statistics help businesses determine the best approach to attracting customers. Managers study demographics and learn how to market their products to customers.
Why Simple linear regression is important?
It's important to learn this if you plan to go into research. Do well on your statistics class!
The origin and the development of statistics?
The earliest recorded use of statistics was in the 5th century BCE. The ancient Greeks were attempting to scale a wall, and determined the necessary height for their ladders by counting the bricks in the wall. Since that time, the science of statistics has expanded to include both the collection of the data and the mathematical analysis thereof.
Types of statistics?
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.
