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Conclusion
Conclusion
Conclusion
After doing research, answering questions, drawing graphs and some problem
solving, I now realise and understand that the usage of index number is important in daily
life.
It is not just widely used in markets but also in interpreting the condition of
surroundings like the air we breathe or the water flowing in our rivers. One of the examples
includes the application of index number in conducting an air-pollution survey.
In conclusion, statistics is a daily life necessity. Without it, surveys cannot be
conducted, the stock markets cannot be interpret and many more. Statistics have
improved our way of life as well as maintained our social structure.
We should appreciate the intrinsic beauty and simplicity of statistics and dedicate
time and effort to understanding the concept of statistics.