Statistics in Any Aspect of Life

Statistics in Marketing

Statistics is the science that deals with collecting, analyzing and interpreting information. The results of these processes are then presented in some form for further use. Though statistics is a rather specific subject, its outputs are used in nearly all the areas of life. Surely, different practical applications of statistical information require different inputs, but the general rule is that the output gives us an idea of a certain quality – parameter – of a population. 
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