BuyFind

Statistics for Business & Economic...

12th Edition
David R. Anderson + 4 others
Publisher: South-Western College Pub
ISBN: 9781285846323
BuyFind

Statistics for Business & Economic...

12th Edition
David R. Anderson + 4 others
Publisher: South-Western College Pub
ISBN: 9781285846323

Solutions

Chapter
Section
Chapter 1, Problem 1SE
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.

Explanation of Solution

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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