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• Then got into Business statistics under which we learned descriptive &
inferential statistics, types of data, mean, median, mode, standard
deviation.
Descriptive Statistics provide simple summaries about the sample and the
measures. It only describes data and does not help in prediction.Here we can
use mean, median, mode, standard deviation to know where most of our data
lies.
Ex- If we have a sample size of 100 students and want to know what is their
favourite subject.