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Statistics

Statistics

In two context statistics can be difined. One is in singular sense of statistics and another is the plural sense of statistics. Both of the two cotext and aspects of statistics is important in different mathematical analysis.

Statistics as plural sense

In a plural sense of statistics is describing something in a neumerical value. Just think about you are trying to making a segmentation of a population of a certain area on the basis of gender. The first step of the statistical analysis of your work will be measuring a numerical value of the number of male and female people in this area.

Singular sense

Statistical method is important in order to do an effective statistical process. If the numerical statistical data is very large then it is important to introduce an effective way and a systematic method to collect, organise, present, analyse and interpretation of the statistical data.

Phase of statistical investigation

The phases of statistical investigation is nothing but a stepwise progression of any statistical investigation. In generally, anyu statistical investigation is based on five phase, these are 

Collection of data
Organising of data
Presentation of data
Analysis of data
Interpretation of data

Let us discuss about the phases of the statistical investigation

To make a wise dicision about some phenomenon there need sonme sorts of information related with the phemenon. Hence, information collection is required. The collected information will be bulk in size and may not have without error. Collected data may be related with phemenon or may not related with the phemenon. Even, relative data and information may be anomalous characteristiocs.

Organising of data

Just think about the term organisation. The term organisation means a systematic and effective stage of doing something effectively. In more simply to say organising is making groups. For examples, your friend gave you number of 10 sticks, 3 with red color, 5 with white color and two with green color. You seperates the sticks in three parts with colour. That means you have done an organisation..

Presentation

Any organised form of data should be present for analysis. 

Analysis
Analysis of any statistical method is done in order to investigate the effectiveness of the infoirmation as well as investigate the probable error in the process.

Interpretation

Interpretation of any statistical method is the last step to do the conclusion of the statistical investigation.




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Popular Topics on Physics

 Following physics phenomena are considers as world most popular physics topics. Hawking Radiation Radiation from black hole. Black holes event Horizzon continuously radiates energy. Black Hole Region in universe from where nothing can escape. General theory of relativity It is a modified form of special theory of relativity introducing gravitation into it. Higgs Boson particles Recently discovered particles in universe. Quantum mechanics Quantum mechanics explain the behavior of motion particles in small scale.

Cost and expanse

Cost In accounting cost and expanse is so far different terms. Expanse is the cost that is incured to earn revenue. Not each of the cost  is consider as expanse.  Only these cost is considered as expanse that is concerned with earning revenue. Cost may be an asset or an expanse. The condition is important when we will define expanse or not.  Let us consider a few example that can define how we say cost as an expanse. The purchased equipment for a company initially be consider as the assets of the company.  But after a certain accounting period a portion of its value will be used.  A portion of the cost is expired.  This expired cost of the equipment is considered as the depreciation expanse. In that way any purchased value may be considered as asset  and expanse. Any unexpired cost is considered  as an asset. If a company purchases land for its business operation then the land cost is an assets of the company and it will never be e...

Time value of money

Time value of money Time value of money means the receivable money is today is more valuable than if it received in next year in accounting period.  There have a certain cause of happening that.  If any company received money today, there creates an opportunity to invest a portion of received money and can gain earn from investment.  If any company received 1000 dollar today and invest 8 parent in business to earn and finally profits 80 dollar in accounting period.  The receivable amount will reach in 1080 dollar.  Hence,  the received amount today 1000 dollar is equal to the received amount 1080 after a one year of accounting period. The time value money of 8 percent means that today's receivable money is equal to 8 percent more than one year next receivable amount.