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Why study statistics?
People study statistics because they need to quantify external events, summarize experiment or research results, make data comparisons, and establish correlations between dependent events. There are many more uses of statistics, and they are important in different fields of study and specialties. bye M.M.M (maleele)
What are the sub-branches of economics that relies on fields of statistics and mathematics?
Some of the sub-branches of economics that rely on fields of statistics and mathematics are econometrics, transport economics, managerial economics and international economics.
Importance of statistics in medicine?
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.
What are the uses of statistics in social sciences and management fields?
Statistics plays a vital role in every fields of human activity. Statistics has important role in determining the existing position of per capita income, unemployment, population growth rate, housing, schooling medical facilities etc. in a country. Now statistics holds a central position in almost every field like Industry, Commerce, Trade, Physics, Chemistry, Economics, Mathematics, Biology, Botany, Psychology, Astronomy etc., so application of statistics is very wide.
Why statistics considered science?
Statistics is considered to be a science due to its nature. There different scientific processes that are used in collecting, computing and analyzing data for statistics,.
