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Math

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Why do we need to study mathematical statistic? What are its implications to economics?

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MIREINNENIKIFOROVIN MIREINNENIKIFOROVIN

a. We need to study mathematical statistic because it is essential in gathering data, specifically in matters that need an exact or near exact solution/s.

b. In economics, mathematical statistic is used in gathering data, presentations, computations, and many more. A good example is population census.

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