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Business Statistics

Business statistics is described as the science of making decisions based on an analysis in auditing, production, and econometrics. Business statistics is divided into inferential and descriptive statistics.
Descriptive statistics is divided into two: measures of dispersion, measures of central tendency, measurement of frequency, and measures of position. On the other hand, people make assumptions about measuring parameters such as specimen data statistics in inferential statistics. Inferential statistics is divided into T-test, Chi-Square, Cone sample hypothesis test, confidence interval, multivariate regression, Pearson correlation, and bivariate regression.

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