Economy, asked by sriiyappankirubandam, 8 months ago

29.Explain any three functions of statistics with example​

Answers

Answered by Anonymous
14

Answer:

1) Statistics helps in providing a better understanding and exact description of a phenomenon of nature. (2) Statistics helps in the proper and efficient planning of a statistical inquiry in any field of study. (3) Statistics helps in collecting appropriate quantitative data.

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Answered by PallaviSriHansitha
1

Answer:

Precision to the Facts: ...

Comparisons: ...

Formulation and Testing of Hypothesis: ...

Forecasting: ...

Policy Making: ...

It Enlarges Knowledge: ...

To Measure Uncertainty:

Main points

Explanation:

statistical function, such as Mean, Median, or Variance, summarizes a sample of values by a single value. By default, they expect their parameter(s) to be a probabilistic value represented by a random sample of values over the Run index.

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