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It is the subject concerned with mathematics assembling with Statistics is a section of mathematics concerned with assemblage, allocation, scrutiny and apprehension of exponential facts, for making assumptions on the basis of their adequate probability. Statistics primarily deals with decoding of collective data, too large to be comprehensible by normal observations. Statistics is traditionally classified into descriptive statistics and inferential statistics. There are several advantages of statistics. Statistics as a subject is essential for the career development. Being a manager in a company, one has to analyze and collect the information regarding the work productivity and employee productivity. Interpretation of data to come across how to increase productivity requires in-depth knowledge of statistics. A logical approach for data correlation and data summarization comes from good knowledge of this subject. A particular organization uses statistics for market exploration and profit expansion. Managers apart from managing the work of their workers and productivity, have to interpret and inspect substitute schemes so that they can choose the best for their company. The analysis of sales and productivity of new product also requires statistics methods. Statistics is, therefore, proved to be quite beneficial for one’s progress. Regularly solving problems is necessary for learning statistics and probability.
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