What are 5 uses of statistics?

Answer 1

Answer

Statistics are used EVERYWHERE in modern life now. To quote Mark Twain "there are lies... damn lies.......and statistics"

basically statistics can be used to manipulate figures into any argument you want to portray... almost anything...right or wrong..19% of people know that.

they are a bit like..'the force'..you have to be carefull how you use them!

Answerprediction.

it can be statistics in psychology, economics, businesses, hedge funds, markets, and anything to do with medical. I don't think there are a lot of statisticians around. i believe there are more econometricians.

Statistics can do wonders if you know understand what and how the numbers represent in real life situations.

You can Google this up for more information as well.

Answer(actually I can only give 3 uses of statictics) statistics is a branch of mathematics that can be used for many purpose:

* it can give a precise description of data. this is a function of statistics which enables us to make accurate statements or judgments about averages, variability and relationships.

* it can predict the behavior of individuals. in school, the grades of students can be predicted through a scholastic aptitude test.

* it can be used to test a hypothesis. we can determine whether a variable is related or not to another variable through a test of inference such as in correlation.