Entrepreneurship

Entrepreneurship

1. Statistic

   • What is it?
     • Is a numerical value that represents a summary or characteristic of a data set. It is often used to describe, analyze, and interpret data.
       • Statistics help in understanding patterns, making predictions, and supporting decision-making.

2. Types of descriptive statistics

   • Measures of Central Tendency – Show the center of the data.
     • Mean (average) – Sum of values divided by the total number of values.
     • Median – The middle value when data is arranged in order.
     • Mode – The most frequently occurring value.
   • Data Presentation – Organizing data for better understanding.
     • Tables – Listing data systematically.
     • Graphs & Charts – Visual representations like bar charts, histograms, and pie charts.

3. Data tabulation

   • It means encoding and transcribing the data into a comprehension and analysis tool.
     • Both terms are related to the organization and presentation of data in statistical analysis, but they have key differences in their purpose and application.

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