it is an improvement over classical and statical approach
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it is an improvement over classical and statical approach
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Statistics may be defined as the study and informed application of methods for drawing conclusions about the world from fallible observations. It has three distinct components: (1) It is based on the mathematical theory of probability, (2) as inductive inference it belongs to the philosophy of science, and (3) its subject matter is any of a wide range of empirical disciplines.
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