What Is Statistics?, Explain The Significance Of Statistics.

What is Statistics?
Explain the significance of Statistics.

 

What is Statistics?

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Statistics is a part of Applied Mathematics that uses probability theory to generalize the collected sample data. It helps to characterize the likelihood where the generalizations of data are accurate. This is known as statistical inference.

Explain the Significance of Statistics.

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Statistical significance is a determination that a relationship between two or more variables is caused by something other than chance. ... Statistical hypothesis testing is used to determine whether the result of a data set is statistically significant.

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