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Many people use statistics to create choices in budgeting and financial planning. On the other hand, most banks use statistics to decreased the risk of lending functions, forecast the impression of economic crises, and examine activity within the economic industry.
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Descriptive statistics is a brief descriptive coefficient that summarizes the data established, which may be either a crew of your complete or maybe a sample in the population. It is the measure of central tendencies and variable measures. Underneath are many of the sorts of descriptive statistics:
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