Introduction
Statistics is obviously all about data, either data that exists in one variable (such
a column of people’s ages) or multiple variables (such as columns of various financial
measures for a sample of companies).
However, as discussed in Chapter 2, data itself is not what you are aiming for. The
ultimate aim of statistics is usually to interpret that data through statistics.
But, how does the statistics process itself generally operate? This is what this chapter
is about. Figure 11.1 Extended diagram of the statistics process shows the process of statistics.
Figure 11.1 Extended diagram of the statistics process
This process includes ...
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