Question

Give three examples of how percent are used in the real-world. Tell whether each situation represent a percent increase or a percent decrease

Answer 1

1. Economics
2. Research
3. Probability

Statistics. Statistics is a branch of mathematics which is the scientific study of mathematical values pertaining to qualitative descriptions and transcribe them into quantifying values such as the descriptive statistics and infuses these quantities in the field of inferential statistics. In these two categories involve probabilities, distribution and deviations which are mainly compositions of the descriptive statistics. Inferential statistics will involve comparison and variation of the given values. Methods are t-test, analysis of variance, and two-way analysis of variance and other methods.