Statistics > QUESTIONS & ANSWERS > STA 2023 Chapter 1, Top Exam Questions and answers, Verified. Rated A+ (All)

STA 2023 Chapter 1, Top Exam Questions and answers, Verified. Rated A+

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STA 2023 Chapter 1, Top Exam Questions and answers, Verified. Rated A+ What is statistics? - ✔✔-1.science of collecting, analyzing, presenting and interpreting data and making decisions on ... analysis 2. numerical facts Theoretical Statistics - ✔✔-deals with the development,derivation and proof of statistical theorems, formulas, rules and laws. (KEYWORD: mathematical) Think of this aspect of statistics as the one responsible for developing formulas we will use in later chapters. Applied Statistics - ✔✔-application of theorems, formulas, rules and laws to solve real-world problems This is the type of statistics we will use in class. Two Types of Applied Statistics: 1. Descriptive 2. Inferential Descriptive Statistics - ✔✔-methods for organizing, displaying and describing data by using graphs, tables and summary measures efficient and effective methods for summarizing and analyzing information [Show More]

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