"Statistics" is the branch of mathematics which is concerned with the collection and analysis of large quantities of numerical data in order to draw inferences based on probability.
It is derived from the Latin word "status" which means "group or numbers" of figures that represent certain facts which are of interest to human beings.
Large quantities of data are mathematically analysed so that the knowledge gained from it can be of benefit to human society.
Statistics assignment experts use information gained from analyzing large quantities of raw data to forecast and predict facts that can impact humans in extraordinary ways.
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College statistics is not as easy as it sounds - collecting, analysing and classifying data to make predictions and inferences.
These days, statistics involves deploying complex processes to collect, analyse, interpret and present the facts collected to the respective audiences in plain language.
Students learn this subject, both as a major or as an elective subject. In both cases, you will have to write and submit often complex statistics assignments or dissertations.
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We provide help with business statistics homework.
Business statistics is the branch of statistics which applies the principles of statistics in business where it is used for financial analysis, market research, production, auditing and operations. Business statistics can also be further classified into
Descriptive statistics allows you to summarize large sets of numerical data.
It includes topics such as Mean, Medial & Mode, Central Tendency, Statistical Dispersion etc.
In other words, Descriptive statistic allows you to analyze, present and describe data in a meaningful way so that patterns can be obseved. Descriptive statistics can be classified into:
Sampling is an important part of Inferential statistics.
And Inferential statistics allows you to draw inferences about the population from where samples were obtained.
There are two methods of inferential statistics:
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