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Statistical methods are fundamental for designing experiments, conducting research, and analyzing empirical data, thereby enabling the testing of hypotheses and the validation of scientific theories. In business and economics, statistical methods are instrumental in market research, financial analysis, and forecasting, aiding in making informed decisions for business growth and development. In the social sciences, statistical methods are utilized to study human behavior, societal trends, and demographic patterns, facilitating the understanding of various social phenomena and the formulation of social policies.
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