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Areas of statistical data analysis

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Reference no: EM13926175

Introduction:

The following paper seeks to provide basic knowledge in some specific areas of statistical data analysis. While there are no hard and fast distinctions for analyzing statistical data, ensuring that you have a methodical approach is vital to an accurate analysis. The process of data analysis is that of turning data into significant information. Data analysis is done to convert the raw data into meaningful information. Statistics is all about this data analysis. Before actually working on data analysis in real world, it is important that the basic knowledge is possessed by everybody involved in this process. Transforming data into statistical information and then communicating it accurately is a crucial dynamic of effective decision making.

Reference no: EM13926175

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