IDEA SOLUTION
Statistical
knowledge helps you use the proper methods to collect the data
Large No are always estimated not counted. The Moto of
statistics isn't mere collection of knowledge but comparison. Most dependable tool for deciding .
Without statistical balance nobody can dare take risk. Statistic isn't a pure science like Bio, chem., but methodology . Statistics is grammar of other sciences. Research is
impossible without statistical tool.
Statistics cares with methodology collecting and presenting.
organizing and summarizing and analyzing data also as deriving valid conclusions and making
reasonable decisions on the idea of this analysis.
statistical methods are applied altogether fields that involve deciding , for creating accurate inferences from a collated body of knowledge and for creating decisions within the face of uncertainty supported statistical methodology . the utilization of recent computers has expedited large-scale statistical computations,
and has also made possible new methods that are impractical to perform
manually. Statistics continues to be a neighborhood of active research, for instance on the matter of the way to analyze big data.
it helps teachers to ascertain the typical marks of the scholars . it's utilized in factories, for the authorities to acknowledge Whether the advantages of the workers is sustained or not. it's also wont to contrast the salaries of the workers. To calculate the typical speed of anything.
Stock Market
Another topic that you simply hear tons about within the news is that the stock exchange . Stock analysts also use statistical computer models to
forecast what's happening within the economy.
