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(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.
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What pdf stands for in statistics?
Probability Density Function
What is power function in statistics?
In statistics, we have to test the hypothesis i.e., null hypothesis and alternative hypothesis. In testing, most of the time we reject the null hypothesis, then using this power function result, then tell what is the probability to reject null hypothesis...
Usefullness of ogive curve?
In statistics, the ogive curve is an approximation to the cumulative distribution function. It can be used to obtain various percentiles quickly as well as to derive the probability density function.
What are the scope of statistics?
Scope and importance of Statistics:1. Statistics and planning: Statistics in indispensable into planning in the modern age which is termed as "the age of planning". Almost all over the world the govt. are re-storing to planning for economic development.2. Statistics and economics: Statistical data and techniques of statistical analysis have to immensely useful involving economical problem. Such as wages, price, time series analysis, demand analysis.3. Statistics and business: Statistics is an irresponsible tool of production control. Business executive are relying more and more on statistical techniques for studying the much and desire of the valued customers.4. Statistics and industry: In industry statistics is widely used inequality control. In production engineering to find out whether the product is confirming to the specifications or not. Statistical tools, such as inspection plan, control chart etc.5. Statistics and mathematics: Statistics are intimately related recent advancements in statistical technique are the outcome of wide applications of mathematics.6. Statistics and modern science: In medical science the statistical tools for collection, presentation and analysis of observed facts relating to causes and incidence of dieses and the result of application various drugs and medicine are of great importance.7. Statistics, psychology and education: In education and physiology statistics has found wide application such as, determining or to determine the reliability and validity to a test, factor analysis etc.8. Statistics and war: In war the theory of decision function can be a great assistance to the military and personal to plan "maximum destruction with minimum effort."
What are the main branches of statistics?
The two main branches of statistics is Descriptive statistics and inferential statistics.
