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Descriptive Statistics - Descriptive statistics refers to the concise statistical parameter that summarizes a dataset, whether it is a sample or a complete population. It encompasses measures of central tendency and variability.

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Inferential Statistics - Inferential statistics constitutes a list of assumptions built on the basis of information assumptions from descriptive statistics. This type of statistics utilizes a random sample of information from a population to explain and make deductions about that population.

Ans: The purpose of statistics is to show persons how to reach a specific conclusion n but using the components offered at hand. It helps in collecting, analyzing, and being familiar with the elements in almost any discipline of analyze.

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You will find many different branches of statistics. Many of them ate. The most popular types are descriptive statistics and inferential statistics. So Enable’s have a look at them in detail:

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