1) Business:
Statistics play an important role in business. A successful businessman must be very quick and accurate in decision making. He knows that what his customers wants, he should therefore, know what to produce and sell and in what quantities. Statistics helps businessman to plan production according to the taste of the costumers, the quality of the products can also be checked more efficiently by using statistical methods. So all the activities of the businessman based on statistical information. He can make correct decision about the location of business, marketing of the products, financial resources etc
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The two main forms of statistics are qualitative (descriptive) statistics and quantitative (inferential or inductive) statistics.
what is the importance of statistics?
Statistics in medicine provide people the information to fully understand the usage of a particular treatment or drug. It also helps in monitoring and improving certain fields in medicine.
importance of computer system in the study of statistics
Statistics are used in geography to track locations and census information. This is important to know to see how different types of geography change.