It is a simple exercise of developing human knowledge by using practical data expressed in quantitative form. It is mainly considered a distinct mathematical science rather than the part of mathematics. In this investigation holds the entire process of gathering and study of data and then they provide the decision about the data into numeric form. As we know that this subject is quite tough for students, that why they are looking for best guidance. We are helping them by providing the best quality assignment help on statistics. We have a team of experts; each expert has advanced knowledge about this sector and has years of experience to handle the queries of students related to assignment service.
Characteristics of Statistics: There are some important characteristics of statistics, here we are writing information about these characteristics for the students. So that they can easily get the complete information in this assignment.
- Mainly it consists of aggregates of real facts.
- It is affected by various causes according to the conditions.
- It should be collected for a predetermined purpose
- Statistics should be capable of being placed in relation to every other.
- Statistics should be gather for predetermined purpose
- Data should be gathered in systematic manner to get the result.
Importance of Statistics: It plays a vital role in every sector of human activities. Basically, it manages the existing position of the capital income, growth rate of the population, various housing, medical facilities etc. Nowadays, it is necessary for every field because it gives the best result as compare to other. With the help of the Statistics, we get the assumed numbers related to the unexpected sector. With the help and support of the Statistics, we can get the best result in the business as well. To take the decision in the business, every person easily get the reliable data from the Statistics. It also gives the idea to enhance the revenue of the business because we get the complete idea about the customer demand etc.
The main fact is that economics is completely depend on the Statistics because it gives the best way to manage the national accounts. It gives the best way to deal with the account numbers. We can get the accurate number of supply and demand with the help of Statistics. With the help of Statistics numbers, we can enhance the business as well as economic condition also.
In Mathematics, the main role of the Statistics is central. The methods that we used in this are completely natural and deliver the accurate data. It is also known as the branch of applied mathematics. It also includes the main methods like probability, estimation and average etc. We can solve the various problems with the help of statistics.
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