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What is Understanding Statistics: Definition & Importance about?

Statistics is defined as the science of collecting, presenting, analyzing, and interpreting numerical data. It involves counting facts about populations or aggregates that are numerically expressed, comparable, and collected systematically. Statistics is important for policymaking, understanding problems, social and natural science studies, government administration, economic and business analysis, and organizational planning. However, statistical laws are only true in the long run and it can provide averag

Author

Tauhid Zaman

Language

EN