what is applied statics
Answers
Ram Ram ji ❤️
Applied statistics is the root of data analysis, and the practice of applied statistics involves analyzing data to help define and determine business needs. Companies have so much data, and properly analyzing it can lead to increased efficiency and profitability
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Answer:
Applied statistics is the root of data analysis, and the practice of applied statistics involves analyzing data to help define and determine business needs. With today’s increased access to big data, companies are looking for statisticians, data analysts, data scientists, and other professionals with applied statistics knowledge who can visualize and analyze data, make sense of it all, and use it to solve real-world problems.
Companies have so much data, and properly analyzing it can lead to increased efficiency and profitability. Government agencies, nonprofits, and other organizations can use data to help prevent disease, collect important demographic information, steer political campaigns, and test potential life-saving pharmaceutical products.
Data is a huge asset, and its growth has led to the overwhelming demand for statisticians and other professionals with advanced applied statistics skills.