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Yes, they are.
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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.
What is the application of statistics in technology?
There are a few applications of statistics in technology. It can be used to determine, analyze, research, and predict items like efficiency and performance.
What is the importance of statistics in research?
Ø Statistics is the science of collection, analysis, interpretation or explanation, and presentation of data. It has wide usage in the field of research. In fact all the data collection and interpretation techniques used in Research are part of statistics. Ø It makes use of descriptive statistics for collection of data and inferential statistics for drawing inferences from this set of data. Ø The subject called research statistics & statistics is very important in research because that is the backbone of your research. Ø The Numbers gives an easy idea of how you conducted your research. Ø Statistics provides a platform for research as to; How to go about your research, either to consider a sample or the whole population, the Techniques to use in data collection and observation, how to go about the data description (using measure of central tendency). Ø To wrap it up, statistics as a science of data collection, analysis, interpretation, explanation and presentation will guide you in research for proper characterization, summarization, presentation and interpretation of your research result for proper action.
Properties of mode in statistics?
properties of mode as used in statistics
What are the applications of statistics in education?
There are many applications of statistics in education. Statistics are used to better prepare students for the real world and testing for example.
