Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
612-822-4611

  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Summary Statistics

Summary Statistics

Hasan, M. K.

Paperback

Probability & Statistics

ISBN10: 3659927635
ISBN13: 9783659927638
Publisher: LAP Lambert Academic Publishing
Published: Nov 27 2024
Pages: 184
Weight: 0.61
Height: 0.42 Width: 6.00 Depth: 9.00
Language: English
Statistics is used to conduct research, evaluate outcomes, develop critical thinking and make informed decisions about a set of data. The main purpose of statistics seeks to provide an analysis of quantitative data. The principles of statistics also provide guidelines for conducting surveys. Statisticians know how to gather information while avoiding bias and using a random sample. There are a variety of benefits of studying statistics. It improves ability to identify and communicate patterns and outcomes. Learning statistics also incorporates the use of probability. Businesses and individuals can use statistics to calculate the probability of their desired outcome and evaluate whether the probable benefits outweigh the cost. This cost-benefit analysis can improve decision-making and reduce losses. Statistical inference is a calculation that uses data analysis to infer the root causes, effects and properties of a correlation or statistical trend. Statistical models can offer more accurate projections of sales, results and returns. Statistics focuses on a cause-and-effect relationship between variables.

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