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isixsigma on MSNMastering the Basics: The Fundamentals of Statistics and InferenceStatistics is a branch of math that involves the collection, description, analysis, and inference of conclusions from quantitative data. But what is a statistic? Let’s find out. The word statistic is ...
Finding different averages of a set of data gives us a tool to describe the results. The main averages, which can also be referred to as measures of central tendency, are the mean, mode and median.
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