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Statistics is the study and use of Basic Mathematical theory and Probablity to solve real life uncertainities.As such, the profession has broad usage.These include and are not limited to: 1.Life uncertainities (Pension matters,determintation of survival factors and mortality rates to obtain optimum insurance premiums etc).A branch osf statistics called ACTURIAL MATHEMATICS deals with these 2.Financial uncertainities-Risk analysis,Stock Market predictions,etc 3.Health matters-clinical trials of new medicines, 4.Monitoring and evaluation techqniques for non profit organisations 5.Marketing research and planning
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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 is relationship between agriculture and statistics?
Agriculture uses statistics, statistics does not use agriculture.
Uses of statistics in education?
go to school and ull find out
What is uses of statistics in business organization?
easier for calculate profit
Why is statistics considered a science?
Statistics uses mathematics, which itself is the science of relationships between numbers. This would be my best layperson's answer. Good luck!
