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Step 1: Write your hypotheses and plan your research design
Step 2: Collect data from a sample
Step 3: Summarize your data with descriptive statistics
Step 4: Test hypotheses or make estimates with inferential statistics
Step 5: Interpret your results
Expected value and variance
Law of Large Numbers
The Central Limit Theorem
Median and quartiles
Statistics help us in providing data as well as tools to analyze the data. Statistical techniques help us in framing planning models too.
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