A statistical question is a question that can be answered using data that may vary. Any question that may be answered by a single number or answer is not considered a statistical question.
Outcomes can be predicted mathematically using statistics or probability. To determine the probability of an event occurring, take the number of the desired outcome, and divide it by the possible number of outcomes. With statistics, an outcome is predicted based on reco...
In general language, possible outcomes are results that may occur by performing some task. Possible outcomes are used in math, specifically in probability, to determine what results could exist.
In the world of statistics, there are two categories you should know. Descriptive statistics and inferential statistics are both important. Each one serves a purpose.
Experts use statistics to understand large and complex sets of data. Statistics are also helpful with surveys, which legislators use to affect policy. Knowing how statistics work is important for fully understanding news reports.
The purpose of statistics is to allow sets of data to be compared so that analysts can look for meaningful trends and changes. Analysts review the data so that they can reach conclusions regarding its meaning. Statistics allow people to see how things are or are not cor...
Accountants in various fields, including auditors, forensic accountants, controllers and risk accountants, use statistics to accomplish their professional duties. Accountants who conduct audits use samples that are statistically representative of a data base because it ...