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.
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Yes, they are.
properties of mode as used in statistics
There are many applications of statistics in education. Statistics are used to better prepare students for the real world and testing for example.
Inferential statistics uses data from a small group to make generalizations or inferences about a larger group of people. Inferential statistics should be used with "inferences".
In Finance, people learn statistics so that they can be able to carry out essential financial calculations such as trend predictions. Statistical calculations can let people make forecasts using current figures.