Practical Statistics

Practical Statistics

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Preface

Practical Statistics is a method where a person who wants to learn basic statistics for work, school, and research can get knowledge. Statistics is a great combination of all fields combined together and helps companies grow further and further. Not restricting the operations to business only, Practical Statistics comes into play for all practical aspects and makes deducing the concepts and results easier. Starting from basic statistical factors like mean, median and mode, to complex factors like decoding stock markets, playing a greater role in genetics and drug manufacturing in the medical field, statistics have come a long way in helping economies to grow and concepts to develop. Statistics is a subject for which the development is going hand to hand together with other technological changes and the subject has well complemented other growth which is favorable for the development of all the concepts. Statistics is no doubt becoming more and more practical in its outlook and thus, the title practical statistics is absolutely apt.

Summary

Practical Statistics is a very important practical concept which is worth a discussion and a deeper analysis on the same would guarantee the recording of developments. Studying the field of statistics in the modern era is very important as it allows for understanding any subject in a deeper manner. Before jumping onto knowing the details of the true value of statistics in the practical aspects, it is important to know what statistics is. Statistics has been defined by various great jurists and each one carries a deeper meaning of its own. Like all other subjects, the value of statistics too was different for the different era and with development, the same has emerged greatly. Learning and understanding Statistics is important as its scope is quite wide and