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What is the function of statistics in psychology?
(1) Statistics helps in providing a better understanding and exact description of a phenomenon of nature.(2) Statistical helps in proper and efficient planning of a statistical inquiry in any field of study.(3) Statistical helps in http://wiki.answers.com/Sports_Leisure/Hobbies/Collecting/an appropriate quantitative data.(4) Statistics helps in presenting complex data in a suitable tabular, diagrammatic and graphic form for an easy and clear comprehension of the data.(5) Statistics helps in understanding the nature and pattern of variability of a phenomenon through quantitative observations.(6) Statistics helps in drawing valid inference, along with a measure of their reliability about the population parameters from the sample data.
What is the difference between opinion and inference?
An inference is a conclusion drawn from evidence. The logical connection is clear. An opinion need not be based on evidence, or if it is, may not flow from it logically.
Why do politicians simplify statistics?
Because people usually aren't clever enough to follow along precisely unless everything is made as clear as possible. That means saying things like "62% of drunk drivers" instead of "a mean of 61.63% of drivers with BAC above the legal limit in several studies" and "10% increase" instead of "9.82% above the limit from the period July to December". There's also a thing called spin-doctoring; making stuff sound as good as possible for your own side, or equivalently as bad as possible for any other side. Statistics, when simplified, can be misquoted very well and are perfect for being doctored in this fashion.
Which degree is better between applied mathematics computer science and statistics and which one is the second one?
It's not that one is better than the other, it's just that they are different. The question is, "which one is better for you?" The first thing you must do is acquire a vision for yourself; a specific and clearly articulated picture of the future you intend to create for yourself. This vision should be based on a passion for what you want to do, and the benefit it brings to others as well as yourself. Once you acquire that vision your path will become clear. Each of these fields have possibilities, but only passion will lead to success. Passion is key to success.
What is the importance of statistics in business and economics?
Statistics plays a significant part in successful business decisions. Any successful entrepreneur has to be especially sharp and correct when making business decisions. The entrepreneur should have a feeling for the market demand for the company's products and should therefore be able to identify what to produce products or services that will sell. The volume of sales may also be accurately estimated. Statistics will help entrepreneurs to align production according to the market demand. Utilizing business statistics the quality of the products may also be verified in a more scientific manner to save on measuring cost. It should be clear that any business manager or entrepreneur could utilize statistical information to make high quality business decisions. These decisions could be about the location of business, the marketing of the products or services, the application of scarce financial resources or the determination of sales bonuses. In order to illustrate the importance of understanding basic statistical concepts correctly the statistical concept, average, will be used as a basis for the explanation.
