Chapter 10, Problem 2IQ

Program Plan Intro

Statistics:

• Statistics is a branch of mathematics dealing with data gathering, organization, analysis, understanding and performance.
• It is a term used to review a process that an analyst uses to describe a data set.
  • If the data set depends on a sample of a larger population, then the analyst can improve explanation about the populations mainly based on the statistical outcomes from the sample.

Explanation of Solution

Courses of statistics:

• The course of statistics are descriptive statistics and applied statistics.
• Descriptive statistics
  • o These statistics contains the methods for establishing and summarizing information.
  • o Most part of the course assigns with these statistics.
  • o It also contains creation of graphs, charts and tables and the calculation of many descriptive measures.
    • The descriptive measures are averages, measure of variation and percentiles...

Explanation of Solution

Experience of statistics:

Depending on the area of work, the statistics employees are also known as data analysts, and data managers.

Job roles of data analysts:

• The main job role of data analysts is interpret data, analyze the results using statistical techniques and offer ongoing reports.
• Data analyst will develop and executing the data collection systems.
• The strategies of data analyst that optimize statistical efficiency and data quality...