write down a short essay an advantage of statistical method
Answers
Definition. Statistical methods are mathematical formulas, models, and techniques that are used in statistical analysis of raw research data. The application of statistical methods extracts information from research data and provides different ways to assess the robustness of research outputs.The statistical analysis brings in numerous benefits to make the best usage of the vast data available, such as assisting in market research, product development, mapping out the company's growth rate, improve the efficiency of the company, etc.It depends on how it is used, collected and analyzed. Therefore, readers should understand what reliable statistics are. Yet, statistics are very important for researchers, scientists, students, employers and individuals to make decisions as well as to evidence any claims or scientific theories.The maindisadvantages of statistics are: they are not an appropriate method to understand issues in great depth and identify ways to solve problems highlighted. they are not suitable to evaluate user opinions, needs or satisfaction with services.
The science of statistics has four basic components: FORMULATING QUESTIONS: First, state some questions or problems that we would like to address by collecting relevant data. ... ORGANIZING & SUMMARIZING: Next, organize and summarize the collected data to learn about its general features.
They are 2 types:-
●Descriptive statistics.
●Inferential statistics.
I hope this helps you
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Answer:
advantages and disadvantages of statiscal method both are given in attachment
