So in short statistics a quantitative tool to understand the world in a better way. We used statistics in every industry, including business, marketing, governance, engineering, health, etc. One of the great mathematicians Karl Pearson, also the father of modern statistics quoted that, “statistics is the grammar of science”. It deals with collecting, organizing, analyzing, and presenting the data. To begin with, statistical function in Excel let’s first understand what is statistics and why we need it? So, statistics is a branch of sciences that can give a property to a sample.
Statistical data analysis with excel how to#
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