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Statistics Unit 1 Notes

The document discusses the role of statistics in economics and business, emphasizing its importance in solving economic problems and aiding decision-making. It also addresses the limitations of statistics, including issues of confidence and the potential for misuse of statistical data. Additionally, the document covers various sampling methods and statistical inference techniques used for analyzing population parameters.

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pgade2021
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111 views23 pages

Statistics Unit 1 Notes

The document discusses the role of statistics in economics and business, emphasizing its importance in solving economic problems and aiding decision-making. It also addresses the limitations of statistics, including issues of confidence and the potential for misuse of statistical data. Additionally, the document covers various sampling methods and statistical inference techniques used for analyzing population parameters.

Uploaded by

pgade2021
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF or read online on Scribd
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