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What is the use of statistics in engeneering field?
application of statistics in engineering field
Use of statistics in business?
Managers use statistics to assess risks. When a project has a high probability of being unsuccessful, managers will avoid the project.
Importance of statistics to mechanical engineering?
1. Design of Experiments (DOE) uses statistical techniques to test and construct models of engineering components and systems.2. Quality control and process control use statistics as a tool to manage conformance to specifications of manufacturing processes and their products.3. Time and methods engineering uses statistics to study repetitive operations in manufacturing in order to set standards and find optimum (in some sense) manufacturing procedures.4. Reliability engineering uses statistics to measures the ability of a system to perform for its intended function (and time) and has tools for improving performance.5. Probabilistic design uses statistics in the use of probability in product and system design.
What is the importance of probability and statistics?
The importance of probability and statistics can be found in many business aspects. For example, a loan officer at a bank is going to need to analyze statistical data to determine the feasibility of a loan on a house in a given area. Scientists use probability and statistical data when performing experiments. It is also used in astronomy to calculate where a given star will be at a given time based on past statistical data.
Is there a list of abbreviations used in statistics?
wikipedia lists some of them under "Notation in probability and statistics". However, various academic disciplines have their own publication standards also. For example, if you were publishing in the field of psychology then you might be obliged to use the APA abbreviations.
