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Economics deals with allocating limited resources among the various sectors in probably the most ideal way. So statistics helps in that endeavor by providing answers to issues like, 

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The knowledge uncovered from statistics helps you use the appropriate methods to collect the info, hire the right analyses approaches, and effectively existing the effects in a way they Read Full Article can use in real-lifestyle examples.

Down below you will be provided the assessment scores of twenty students (info set also provided in accompanying MS Excel file).

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