7 Fundamental Statistical Concepts

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Statistics is the science of collecting, analyzing, interpreting, and presenting data. Data Analysts must be able to extract valuable and meaningful patterns from data. This is part of the process of uncovering insights. But, to accomplish this goal, you must be able to accurately measure and interpret the data you see. This is where the knowledge of the fundamentals of statistics comes into play. In this chapter, we will focus on the important concepts of statistics that data analysts should absolutely know about. This chapter will ...

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