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A statistic is the result of applying a proper function (algorithm) to a set of data available to us. Its statistical theory defines statistic as a function of a sample or a selected thing where the function itself is independent of the sample's distribution and separation. Statistics can be used in various fields from simple to complex. We may use it for counting things. We may use it in mathematics. Its main use is in research tasks. It makes our data compilation easier than ever before. It is all about simplification of things in a real world. It is playing a vital role in calculations in science subjects. It is helpful to keep and improve the record of an organization. business management is incomplete without education of statistics. This shows that statistics is playing a role in all of the fields, it has a role in buying fruits from market and it has a role in a big business deal as well. So we cannot deny its important and animated role in any way.
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Importance of statistics in your daily life?
I'd say 4/5 of the time they are 92% useful
What are some uses of statistics in your life?
statistics is used in all aspect of life. so which ever one human finds himself it is alwayz beter to give it a name examples are agricultural statistics, insurance statistics, actuarial statistics,educational statistics,financial statistics etc
What are the advantages of statistics?
life is full of statistics So does it mean that all the activities in Life involves statistics or is it just a scale down versions of life activities? This question must be answered by most highly previledged people in human and social statistics.
What is the importance of collecting vital statistics?
Vital statistics play a part of monitoring the national health information system. The information is the most continuous and complete data that is available to all public health officials. Births and deaths are the two primary vital statistics recorded and they can provide valuable information including life expectancy.
Application of statistics in your daily life?
Statistics found in your daily life include the dollar amounts of bills you have to pay. Statistics are also used in weather forecasts and the stock market.
