Statistics is a subject of vital importance for all professions, ranging from small businesses to large business firms. It provides us knowledge about the various ways to collect, analyze, interpret and present raw data in graphs, pie charts, and histograms. Statistics is considered to make professions a whole lot easier. This happens as this subject converts empirical data into proper visual graphical presentations, making it much easier for people to comprehend and arrange it. Also, if one wishes to look after the rate of growth or depreciation in different sectors of the economy, Statistics will do the job of providing accurate information.

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