4. Advantages

What are the main advantages of statistics?

Statistical knowledge helps you use the proper methods to collect the data, employ the correct analyses, and effectively present the results. Statistics is a crucial process behind how we make discoveries in science, make decisions based on data, and make predictions.

What are the advantages of statistical analysis?

The statistical analysis brings in numerous benefits to make the best usage of the vast data available, such as assisting in market research, product development, mapping out the company’s growth rate, improve the efficiency of the company, etc.

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