The misuses of statistics are too numerous to list. One of best books published on this subject, "How to Lie with Statistics", by Darrell Huff, published in 1954 is still in print, much longer than any textbook on the subject of statistics. An excellent starting point, but certainly not the only source on the subject, is wikipedia: http://en.wikipedia.org/wiki/Misuse_of_statistics Statistics, if I narrowly define it, as values resulting from numerical calculations made from a set of data, are not the problem. Any set of collected data will have just one mean value, one standard deviation, and other measures. The measures can be easily checked and verified. But in a broader context, the discipline of statistical analyses, includes the planning of data collection, the verification of collected data, the assessment or evaluation of potential errors in collection and results, and misinterpretation, either intentionally or unintentionally. The discipline of statistics when correctly applied is an unbiased interpretation of data in a critical manner. But, if the interpretation fits pre-conceived ideas, then frequently the critical examination is neglected. Some statistical analyses fit the category as simply speculative or controversial conclusions. Our first look at data, is with graphs, and the art of biasing graphs for the sake of making them more supportive our conclusions - is part of the misuse of statistics. See: http://www.roofable.com/2007/10/03/how-to-lie-with-graphs-the-ny-times-as-real-estate-case-study/ You will find many other examples by doing Google searches in the internet.
importance of statistics for an economist
importance of statistics in field of economics
Some national statistics can be reliable is they have been adjusted. The World Health Organization adjusts their statistics so that their statistics are reliable.
specifis application of statistics to economics or business
normally we encounter statistics in mathematics, but statistical physics is a branch of physics.
Uses and misuses of human resourceS
plastic
Misuses of dynamite include using it to blow stumps out of the ground and using it for entertainment. Dynamite is intended for use in construction and mining.
Death
some of the misuses are : - scribbling on the walls of historical monuments like Taj Mahal. - spitting in the bus stands, public parks, etc. these are few examples only but there are many more misuses so please stop misusing of it because the people of our nation use it.
it happens because god sent it
it is used in plastic bags
The balance of power.
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Smoking weed... wait, that's a good thing.=)
misjudge, misunderstanding, misuses, not concentrating.
By using them wisely and not use them for miscellaneous purposes.