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A lot of people use statistics to make choices in budgeting and financial organizing. On the flip side, most banking companies use statistics to reduced the potential risk of lending operations, forecast the affect of economic crises, and review action in the economic sector.
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Statistics is actually a various matter, and there are many other uses of it in numerous fields relevant to every day human activities.
Equally, likelihood theory is used in physics even though estimating a substantial inhabitants; the final results of thermodynamics use statistical applications.
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