Sample Solution from

STATISTICS F/BUSINESS+ECONOMICS-TEXT

13th Edition

ISBN: 9781305881884

Chapter 1

Problem 1SE

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Textbook Problem

Discuss the differences between statistics as numerical facts and statistics as a discipline or field of study.

Expert Solution

To determine

Explain the difference between statistics as numerical facts and the statistics as a discipline or field of study.

The statistics can be represented in numerical facts. This can be done using mean, median, percentage, minimum, and so on.

In a broader sense, the field of study in statistics is the art and science of collecting, analyzing, presenting, and interpreting the data.

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