Be it any type of research work use of statistics is there in every steps to decide the outcome of the result of the research. The subject statistics is very well connected with another tough but interesting subject and that is mathematics. The results of statistical interpretations are totally based on data collection and accurate analysis of the data. If the analysis is perfect then only the result of data can be accurate. Statistics always play a significant role in the world of economics. In every country economy is completely dependent on the statistical readings of data and collection of data with proper analysis by experts of the country. To do proper interpretation of data collected by the professionals, same needs to be analyzed with necessary hypothesis testing to declare accurate result. To make proper growth in the business it is always required to have adequate data analysis and this will help in doing proper planning for the business. Students are given homework on this subject to make them expert in this subject and from the homework assignments outcome teachers can realize how the students are doing in this subject. Students should always pay complete attention in completing the assignments so that they can score well in their final examination.
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