Tagged: Maths Stats
What is Statistics?
In our day to day life we deal a lot with statistics, maybe without being aware of it. For example, when you tell your graduation marks â€“ You are making use of â€˜Averagingâ€™ concept of statistics. When you talk of odds in favor of Indiaâ€™s winning a cricket match â€“ You are dealing with â€˜Probabilityâ€™. When you are talking of most selling product â€“ You speak of â€˜Modal Valueâ€™. Weather forecast is also based on statistical analysis of weather conditions collected with the help of Satellite.