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What are basic uses and importance of statistics?

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∙ 12y ago

Updated: 4/28/2022

importance of basic statistics

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∙ 12y ago

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Importance of statistics in trade and commerce?

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Different uses of statistics?

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What is uses and importance of statistics?

Life is subject to variations. Statistics allows you to summarises information so that the effects of variation are isolated from underlying changes, and using these techniques, make sound judgements about events.

Different uses of statistics?

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What is the importance of statistics in accounting?

statistics and accounting both are very similar to each other regarding their uses, because both are tools of decision making. To take decision regarding average, standard and marginal you have to take help from statistics even if you are accountant.

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