Statistics is a collection of mathematical methods that help to present and analyze data. It helps in conducting surveys, planning data collection and analyzing them to draw a conclusion from the same. For example, we come across so much of information on daily basis and they all are in different form. To draw a sense out of it, we need some tools and techniques. Statistics is the one which provides us with those mathematical tools and techniques and thereby help us in dealing with the overloaded information. Statistics have been an integral part of many fields, be it science, economics, mathematics, finance and plays a key role in each of them. Statistics problems are systematically organized because it aims to test and reinforce understanding of the statistical concepts. Statistics homework is given by teachers, usually, is not restricted to use of one concept because the majority of the problems require the use of multiple statistics methods. It can be applied to a variety of problems, however; the underlying concept remains the same. Therefore, it makes important for students to not only understand statistic’s application but also how to interpret the data. While analyzing data, students shall keep in mind that they draw a concrete conclusion about the sample collected. While interpreting the results, it is possible that error may occur and therefore analysis shall be done cautiously.
Statistics is revered to be one of the most challenging subjects. Only a few students get their solutions right on the first try. Due to the shortage of time, students try to finish it fast and that is where they do blunder for statistics problems need to be read calmly and sometimes repeatedly as it’s hard to crack them at one go. To solve the practical problem, theoretical concepts have to be crystal clear and students often make the mistake of taking theory for granted. Statistics is not limited to theory and practical, one needs to have an analytical mind to draw a conclusion from graphs and diagrams which students do not find easy.
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