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In statistics, the mode is the value that appears most often in a set of data values. [1] If X is a discrete random variable, the mode is the value x at which the probability mass function takes its maximum value (i.e., x=argmax x i P(X = x i)). In other words, it is the value that is most likely to be sampled.
The other books focus on the statistical theory of survey sampling and require some knowledge of basic statistics, as discussed in the following textbooks: David S. Moore and George P. McCabe (February 2005). "Introduction to the practice of statistics" (5th edition). W.H. Freeman & Company. ISBN 0-7167-6282-X.
In business, "statistics" is a widely used management-and decision support tool. It is particularly applied in financial management, marketing management, and production, services and operations management. [69] [70] Statistics is also heavily used in management accounting and auditing.
The Foundations of Statistics are the mathematical and philosophical bases for statistical methods. ... Educational Research Review. 2 (2): 98–113.
The theory of statistics provides a basis for the whole range of techniques, in both study design and data analysis, that are used within applications of statistics. [1] [2] The theory covers approaches to statistical-decision problems and to statistical inference, and the actions and deductions that satisfy the basic principles stated for these different approaches.
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