i need to know the exact formula used to calculate the relative grading thanks
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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.
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 statistics, letter such as; a,..x..,z, is a variable used to represent an unknown value.