according to the definition of statistics given by croxton and cowden what are the four components of statistics?
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Statistics is the field of applied science and maths concerning the application of mathematical statistics in order to predict certain occurrences. It is used in several industries such as the aviation and sports industries to predict the outcome of events based on certain conditions and stimuli.
Croxton and Cowden coined the term statistics and were credited with giving the first complete definition of statistics along with its four components.
According to them, the four components were collection, presentation, analysis and interpretation of data.
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