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STATISTICS

STATISTICS

Statistics is a science that helps us make better decisions in business and economics as well as in other fields.

 

Statistics deals with aggregation of facts affected to a marked extent by multiplicity of causes, numerically expressed, enumerated or estimated according to reasonable standards of accuracy in systematic manner for a predetermined purpose and placed in relation to each other

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Functions of Statistics:

  • It presents facts in systematic / definite form.

  • It simplifies mass of figures.

  • It facilitates comparison.

  • It helps in formulating and testing hypothesis.

  • It helps in prediction and forecasting.

  • Helps in Suitable policy formulation.

Statistics Resources
  1. Introduction To Statistics
  2. Measure of Central Tendencies
  3. Measures of Dispersion
  4. Probability
  5. Discrete Probability Distribution
  6. Continuous Probability Distribution
  7. Correlation
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