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Statistics help individuals make successful conclusions in uncertain circumstances. Probability is used As an example gatherings that don't occur with certainty. Statistics reveals the principles of Affiliation involving two variables, chance, random sampling, and estimation.

The chance idea is usually that department of mathematics which bargains with random phenomena. The chance concept centers on random variables, stochastic events and processes.

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2c. Use the knowledge from element 2a to compute ‘by-hand’ the value on the examination statistic to two decimal

assessing and recommending a feasible accounting details method to the accounting and economic facts of your organization

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