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.
I'd say 4/5 of the time they are 92% useful
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
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.
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.
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.
The importance of statistics in you daily life can be seen in the decisions you make after interpreting data. For instance, you can know how much water to drink, how much food to eat and so much more.
I'd say 4/5 of the time they are 92% useful
Life is subject to variations. Statistics allows you to summarises information so that the effects of variation are isolated from underlying changes, and using these techniques, make sound judgements about events.
communication is very important in human life to express feelings ,and for the development of human in all fields to make our life better and happy communication is important
It has applications in many fields, as well as being linked to increased learning and understanding in general. It also has multiple uses in everyday 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
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.
As well as their use within mathematics, complex numbers have practical applications in many fields, including physics, chemistry, biology, economics, electrical engineering, and 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.
Statistics is essential in making informed decisions in various fields like economics, healthcare, and sports. For example, in the healthcare sector, statistics helps in analyzing medical data to identify patterns and trends, leading to improved treatments and patient outcomes. It is both a science, involving the collection and analysis of data, and an art, as interpreting and communicating statistical findings effectively requires creativity and expertise.
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.
I can not give you a simple answer. It is very individual and subjective. I will assume that you are referring to probability theory. Statistics is based on an understanding of probability theory. Many professions require basic understanding of statistics. So, in these cases, it is important. Probability theory goes beyond mathematics. It involves logic and reasoning abilities. Marketing and politics have one thing in common, biased statistics. I believe since you are exposed to so many statistics, a basic understanding of this area allows more critical thinking. The book "How to lie with statistics" is a classic and still in print. So, while many people would probably say that probability theory has little importance in their lives, perhaps in some cases if they knew more, it would have more importance.