Explain the structure and components of a Table with an example. ANSWER Classification is a process of arranging things or data in groups or classes according to their resemblances and affinities. It is a logical or systematic listing of related data in rows and columns. The row of a table represents the horizontal arrangement of data and column represents the vertical arrangement of data.
Uncategorized Statistics Project Help Furthermore, many businesses or professions also take the help from statistics in order to do business researches such as marketing research, finance research, etc.
In marketing research, a company or business conducts a research from the customers in order to take their insights about new product of company. However, this can only happen by the data collection tools and techniques of statistics. In addition, it generally helps the company in order to estimate the future of the new product.
Generally, the data collection tools and techniques of statistics are used in academics, professions, and also in our daily lives. All of us can make our daily life decisions on the basis of statistical thinking.
In addition, we also used statistics in our daily life conversation.
For instance, if one can say that he burns calories per day with the help of various exercises. Therefore, this statement shows the statistical thinking of a person. This clearly shows that person can generate the result on his daily exercising activities.
Particularly, statistics has five main steps which need to be followed in order to draw the conclusion about something. Formulate a data collection tool through which one can collect the data from the respondents.
Gather all the data and organizes in a systematic way. Draw the findings in a meaningful ways. Use graphs, tables, or pictures in order to make the data more understandable. Finally, draw the conclusion, give recommendation, as well as estimate the future.
The study of statistics is quite helpful for any person whether he is business professional, student, employee or a lay man.
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Statistics is a wide ranging academic discipline. It has numerous concepts and theories. The concepts and theories are quite complex and it creates lot of problems for the students. As it has been mentioned before that thousands of people are use statistical techniques for the purpose to make decisions in the regular life.
Currently, the people from all the professions use statistical techniques in order to analyze different situations which significantly impact the performance of the professionals. In addition, statistical methods are also used in the war like situations. Decision making plays an important role in war like situation; however without using the statistical thinking one cannot take effective or efficient decisions.
A lot of other professional examples also explain the importance of statistics. For instance, the economic issues that include wages, GDP, demand and supply, inflation and many others have significantly affect the economy of a particular country.
However, these problems will be solved by doing the analysis of historical and current data with the help of statistical methods or techniques.
These methods will help the economics to identify the problems and give recommendations in order to solve the economic issues. Moreover, management sciences also take the help of statistics in order to solve the managerial issues.
Particularly, marketing management, financial management as well as research courses heavily depends on the statistics methods and approaches. In these courses, one can consider hypothetical conditions which might be tested through statistical tests or analysis. The purpose of statistical testing is to reject or approve hypothetical assumptions.Statistics assignment help is the desire of every student pursuing their degree program in this discipline.
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SAS DIPLOMA IN BUSINESS MANAGEMENT Statistics (Individual Assignment) Date of report submission: 27th April Name of student: Kua Siong Zhuang NRIC: SD Synopsis Statistics are used by all industries and businesses as a standardized unit of measurement for presenting data .
Statistics assignment help is the desire of every student pursuing their degree program in this discipline. Assignment writing in this discipline is not an easy task for the students as they require to have practical as well as theoretical knowledge.
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