Statistics Homework Help, Homework Helper |Date Added: October
28, 2010 02:49:50 AM| |Author: John Shaw| |Category: Society:
Law: Education| Statistics can be defined as the study of
mathematical functions that leads to collection, analysis,
interpretation or explanation and presentation of data in order
to summarize the data. Statistics can be divided into two
categories i.e. describing the data and analyzing the data.
Statistics helps in the proper and efficient planning of a
statistical inquiry in different fields. It can be used in
analyzing the nature and pattern of variability with regards to
quantitative observation. It helps in presenting the complex
data in a tabular, diagrammatic and graphic form, which is easy
to understand. It is often used to make predictions based on the
data. Statistics is widely applicable in various fields such as
insurance industry, banks, accounting etc. No Comments Yet. You
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