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Descriptive statistics are accustomed to characterize or summarize a sample's Attributes or facts collection, such as the indicate, standard deviation, or frequency of a variable.
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To paraphrase, it is all about carrying out various strategies to the raw details to really make it more easy to understand. Statistical styles use statistics to industrial, social together with scientific troubles. It really is Utilized in a variety of tutorial Continued disciplines including Finance, Insurance, and Economics.
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