FUNDAMENTALS OF COMPUTER

Detailed explanation-1: -Descriptive statistics summarizes or describes the characteristics of a data set. Descriptive statistics consists of three basic categories of measures: measures of central tendency, measures of variability (or spread), and frequency distribution.

Detailed explanation-2: -The most commonly used statistical functions by professional data analysts are MEDIAN, MODE, STANDARD DEVIATION, AVERAGE, VARIANCE, CORRELATION, and QUARTILES, to name a few.

Detailed explanation-3: -In simple words, statistical analysis is a data analysis tool that helps draw meaningful conclusions from raw and unstructured data. The conclusions are drawn using statistical analysis facilitating decision-making and helping businesses make future predictions on the basis of past trends.

Detailed explanation-4: -Top 2023 Big Data Statistics Around 2.5 quintillion bytes worth of data are generated each day. Big Data analytics for the healthcare industry could reach $79.23 billion by 2028. There are currently over 44 zettabytes of data in the entire digital universe. 70% of the world’s data is user-generated.