Study on the use of Statistics in Business - The Way to Earn Profit

The main aim of this report is to use statistics in real world problems. Statistics has vast applications in our real life. It has been used to conduct research, evaluate outcomes, develop critical thinking and make informed decisions. It helps the government to compare the condition of a nation. If a country is showing a decline or deficiency in any particular sector then the government will take action accordingly. Statistics is very important for social science like conducting survey, sampling techniques, estimation theory, etc. This paper further explores how to solve such real problems