STATISTICS and functions

STATISTICS and functions - Functions of Statistics: It...

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STATISTICS DEFINITION: The science of the collection, presentation, analysis and interpretation of  numerical facts or data is called Statistics.  Descriptive Statistics:     This is that branch of Statistics “which involves the  collection and manipulation of data”. This includes such things as computing, averages,  drawing graphs, presenting table.  Inferential Statistics:     Inferential Statistics is that part of statistics “which deals  with drawings of conclusions about the population based upon a sample”.
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Unformatted text preview: Functions of Statistics: It provides the methods for collecting data in a systematic manner It helps in presenting the collected data in the form of tables, diagrams and graphs It describes and finds the important characteristics of the collected data It provides various techniques of data comparison It builds mathematical methods to help analyzed the collected data...
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