what is satistics? Any quantitative information is not statistics. Do you agree with statement? Explain with proper examples
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statistics is the science of collecting ,organizing , presenting , analyzing and interpreting.
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The practice or science of collecting and analysing numerical data in large quantities, especially for the purpose of inferring proportions in a whole from those in a representative sample.
Statistics deals with both quantitative data as well as with qualitative data. Qualitative data describes the attributes. Economists use Statistics as a tool to understand and evaluate an economic problem by analysing past data.
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