Statistics is not considered as a department of mathematics rather a distinct mathematics that bargains with the gathering and analysis of knowledge. Statistics method requires grouping and Examination of knowledge accompanied by its conversion in numerical form to generate meaningful benefits.
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ACCOUNTING- For selection making the objective, a great deal precision is just not necessary the choice could be taken on The idea of approximation, know as statistics. The correction with the values of recent asserts is produced on the basis in the buying electricity of cash or The present value of it.
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