Statistics is the science of collecting, analyzing and making inference from data statistics is a particularly useful branch of mathematics that is not only studied theoretically by advanced mathematicians but one that is used by researchers in many fields to organize, analyze, and summarize data. Statistics plays a vital role in every field of human activity statistics helps in determining the existing position of per capita income, unemployment, population growth rates, housing, schooling medical facilities, etc, in a country. Statistics is a collection of numbers which represent facts or measurement webster: ‘statistics are the classified facts representing the conditions of the people in a state especially those facts which can be stated in numbers or in tables of numbers of in any tabular or classified arrangements.
Using statistics is an important tool for making decisions in business managers use statistic models to make forecasts, project sales, analyze performance and monitor product quality. Statistics is a mathematical science, but at least among statisticians, not a subfield of mathematics, dealing with the collection, organization, analysis, interpretation and presentation of data in applying statistics to, for example, a scientific, industrial, or social problem, it is conventional to begin with a statistical population or a statistical model process to be studied. Statistics and modern science: in medical science the statistical tools for collection, presentation and analysis of observed facts relating to causes and incidence of dieses and the result of application various drugs and medicine are of great importance.
Accurate, comprehensive, high-quality data and statistics are not only central elements of evidence-based public health policy by raising health awareness among the general public, they can also help achieve better social and health outcomes and reduce health inequalities the health policy. To accomplish set goals in an organisation, the school manager or administrator must plan, implement such plans and evaluate success to do so, the use of statistical data is crucial. Descriptive statistics is the discipline of quantitatively describing the main features of a collection of information, or the quantitative description itself descriptive statistics are very important because if we simply presented our raw data it would be hard to visulize what the data was showing, especially if there was a lot of it. Pioneering asymptotic statistics, proved an early version of the bernstein–von mises theorem on the irrelevance of the (regular) prior distribution on the limiting posterior distribution, highlighting the asymptotic role of the fisher information.
This statistics tutorial is a guide to help you understand key concepts of statistics and how these concepts relate to the scientific method and research. The role of statistics in the natural and social sciences biology, physics, chemistry, meteorology, sociology, communication, and even information technology all use statistics for many of these categories, the use of statistics in that field involves collecting data, analyzing it, coming up with a hypothesis, and testing that hypothesis. Role of statistics in planning, progress monitoring and evaluation of development activities reliable statistics describe the reality of people’s everyday lives the role of statistics in national development is very critical. Statistics play an important role in research of almost any kind because they deal with easily-quantified data when working in fields such as science or medicine, trials are needed, and experimental data has to be collected and analyzed the study of statistics enables researchers to look at a.
Here are some examples highlighting the importance of statistics in different fields (1)business: statistics plays an important role in business it helps a businessman to plan his production according to the taste and preference of the customer. Business statistics – meaning and importance business statistics refers to the application of statistical tools and techniques to business and managerial problems for the purpose of decision making. Kenya national bureau of statistics hereby releases monthly consumer price indices (cpi) and rates of inflation, for august, 2018 these numbers were generated from a survey of retail prices that read more.
Outline of talk what is statistics four examples of statistical decisions in daily life – why statistics education matters introducing statistics into grades k-12 in us previous attempts common core state standards revisit examples more examples of statistics in daily life (as time permits. Statistics and probability theory are absolutely essential in medicine they are used to test new drugs, and to work out the chance that patients develop side effects from the drugs tests are performed on large groups of animals or people and statistics is the tool needed to evaluate the tests. Statistics play a significant role in the solution of problems related to planning, economics, business, management, mathematics, etc which are as follows: statistics in economics: statistical data and techniques are useful in economic analysis.
The importance of statistics in decision making in business is a common topic brought up statistics in business are limitless and universal the importance of statistics in decision making in business is a common topic brought up statistics in business are limitless and universal. Statistics has important role in determining the existing position of per capita income, unemployment, population growth rate, housing, schooling medical facilities etcin a country. The field of statistics is the science of learning from data statistical knowledge helps you use the proper methods to collect the data, employ the correct analyses, and effectively present the results. Statistical variance gives a measure of how the data distributes itself about the mean or expected value unlike range that only looks at the extremes, the variance looks at all the data points and then determines their distribution.