STATISTICAL TECHNIQUES AND TOOLS
INTRODUCTION OF STATISTICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Types of Statistics are:
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marketing and accounting
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descriptive and inferential statistic
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primary and secondary
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quantitative and qualitative
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Explanation:
Detailed explanation-1: -Descriptive Statistics gives information about raw data regarding its description or features. Inferential statistics, on the other hand, draw inferences about the population by using data extracted from the population.
Detailed explanation-2: -Descriptive statistics summarize the characteristics of a data set. Inferential statistics allow you to test a hypothesis or assess whether your data is generalizable to the broader population.
Detailed explanation-3: -There are two main types of inferential statistics-hypothesis testing and regression analysis.
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