Statistics

Several renowned statisticians have given statistics definitions. Statistics definitions state the circumscribed meaning of statistics and its significance. The subject of Statistics is as old as human civilization. Initially the scope of statistics definitions was limited to Science statecraft. The term statistics has been derived from the Latin term ‘status’ or the German word ‘Statistik’ […]

Economics is one of the crucial parts of our life. It is highly used by financial sector professionals. But economics without statistics is no more useful. Here in this blog, we are going to share with you statistics for economics. Different types of statistics are used in economics. This blog will help you to unveil

Statistics is one of the crucial subjects for students. Almost every student studied statistics in academic life. Therefore it becomes important that every student should be aware of the statistics terms. Most of the students need to know the common statistical terms. On the contrary, if the students want to have a career in statistics

Types of probability are one of the most important topics of mathematics. It is present in the curriculum of lower as well as higher classes. Because it helps us in many ways, like from solving mathematics problems to a real-life situation.  The probability is everywhere.  Let’s take a few examples of it. Meteorologists use various

Statistics play a crucial role in real life. It is a mathematical equation used to analyze things and allows us to solve complex problems. It keeps us familiarized with what is happening in the real world. Several students are confused and wonder how statistics are used in real life and how it helps in solving

There are various statistical tests that depend on the nature of the studies. With the help of statistical tests, one can make relevant quantitative decisions of a specific sample. Statistics test is the testing of the hypothesis, which is used to signify the observation of the samples. Statistical solutions can be assisted with the help

Classification of data is an essential aspect of statistics. It is the way to organize the data in an efficient way. That is quite useful to perform the statistics operation on the data without any hassle. Most of the students may not be aware of the classification of data. But as statistics experts, we have

Statistics is one of the mathematical branches. It is universally agreed that knowledge of statistics is mandatory for machine learning. Statistics has a wide range of studies that involve findings and theories, notations, and the nuts-and-bolts tools that are considered by machine learning practitioners. Therefore, it becomes necessary to have a solid understanding of statistics