Statistics can be defined as the collection, presentation, and interpretation of numerical data. It is a broad subject and is applicable in a vast number of different fields. It is a methodology for collecting, analyzing and drawing conclusions from information. Statistics has a wide scope which is used in planning, medicine, economics, weather forecasting, industry, business, mathematics, modern science, education, psychology and any more. Statistics is used in business and management in the following ways:
- Marketing: It helps in analyzing the needs of customers. It studies the market and provides information for making decisions to the marketing field.
- Production: Statistics takes the decision about what to produce, where to produce, for whom to produce, when to produce for statistical analysis.
- Finance: An effective finance decision of financial organization depends upon statistical analysis.
- Banking: Statistics provides information to banking organization with the purpose of gathering and analyzing information on the general economic term of the business they have interest.
- Purchase: Statistics makes framework on the purchase what to buy, where to buy, what quantity to buy?
Statistics as a subject is essential for the students in their career building. It helps in collecting proper quantitative data. There are two types of statistical methods that are used in data analysis i.e. descriptive data statistical and inferential statistics. Statistics is used everywhere. It is also an integral part of multitudes of academic disciplines. Statistics for some students is a difficult subject which is not understood by most of the students. The concepts of statistics are not well understood by the students due to which they fail to solve the problems of statistics. Many students are afraid of mathematical formulas, while some encounter problem in the calculation of the numerical. Nowadays, students spend their time in watching TV, the internet, playing games, reading comics and etc. and don’t care about the academic performance. They are not able to understand the theoretical part that creates a problem in practical part. Our experts of statistics homework help provide assistance on the following topic: analysis (regression and graphical) correlation, distributions (normal and binomial), categorical data, sampling, probability (models and values), etc. Our services are acceptable by many students from all over the world.
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