Statistics is a term used to summarize a process that an analyst uses to characterize a data set. Statistics is a branch of mathematics that dealing with data collection, organization, analysis, verifying, interpretation and presentation of a complete set of data. Hence this field provides knowledge to work quantitatively on collected data. Studying Statistics helps individual, company, government and nation in number of ways. The statistical calculations serve an imperative pillar to summarize the huge information in quantitative way.
The Two Main Branches Of Statistics Are As Follows:
Statistics is a wide field to study ranging from the designs of survey & experiments to the applying statistics in population & model. Students are confronting a number of problems while writing an assignment due to lack of practical knowledge in this field.
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