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Concepts of Statistics

by Amy Galick
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Short description:

Statistics is a branch of math that is used every day in business, government, and private life. Estimating risks in the insurance business is a common application of statistics. Another common use of statistics is with polling of the population to predict the outcome of a particular election or proposition. Statistics is all around us and this brief tutorial shows some basic concepts on which you can build upon, but instead of analyzing risks and elections, we'll see what's the percentage of kids in our classroom who own one, two, or more pets. Press Play when ready.