Ø Statistics is the science of collection, analysis, interpretation or explanation, and presentation of data. It has wide usage in the field of research. In fact all the data collection and interpretation techniques used in Research are part of statistics.
Ø It makes use of descriptive statistics for collection of data and inferential statistics for drawing inferences from this set of data.
Ø The subject called research statistics & statistics is very important in research because that is the backbone of your research.
Ø The Numbers gives an easy idea of how you conducted your research.
Ø Statistics provides a platform for research as to; How to go about your research, either to consider a sample or the whole population, the Techniques to use in data collection and observation, how to go about the data description (using measure of central tendency).
Ø To wrap it up, statistics as a science of data collection, analysis, interpretation, explanation and presentation will guide you in research for proper characterization, summarization, presentation and interpretation of your research result for proper action.
statistics had a great role in the business and commerce field . it also had agreat role in the field of research.
importance of basic statistics
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appraise the importance of statistics to human activities
Discuss the importance of descriptive statistics
Statistics are needed to analyze data and show which outcomes are significant.
statistics had a great role in the business and commerce field . it also had agreat role in the field of research.
what is the importance of statistics?
Oh honey, statistics are like the bread and butter of economics. They help economists make sense of all that messy data and draw conclusions that actually mean something. Without stats, economics would just be a bunch of fancy theories with no real-world application. So yeah, statistics are pretty darn important in the world of economics.
Statistics are important in educational research. They allow educators to see what types of learning produces the best results for their students.
1.It helps in market research. 2.It helps to take stock control.
importance of basic statistics
importance of statistics in trade
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appraise the importance of statistics to human activities
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Statistics is crucial in Nigeria for various reasons. It helps in monitoring and evaluating the country's economic growth, informing policy decisions, and assessing the effectiveness of government programs. Additionally, statistics play a vital role in identifying trends, patterns, and disparities within the population, which is essential for targeted interventions and resource allocation. Overall, accurate and reliable statistical data is fundamental for evidence-based decision-making and sustainable development in Nigeria.