IMPORTANCE OF STATISTICS In today’s world we are faced with situations everyday where statistics can be applied. Statistics can be used to determine the potential outcome of thousands of things where the human mind alone wouldn’t be able to. Statistics benefits all of us because we are able to predict the future based on data we have previously gathered. Being able to predict the future not only changes our lifestyle but also helps us be more efficient and effective. Statistics is the science of
Premium Statistics
Subject Areas Use of Statistics 1. World of Sports • Enter results from the different tournaments around the world • Research projects to improve the quality of the game and keep the fans interested • provide analysis on players and team strategy‚ as well as tackle larger research projects • statistical t tools include basic regression analysis‚ logistic regression‚ Monte Carlo simulation‚ classification‚ and hierarchical regression 2. Education • Statistics provides simple yet instant information
Premium Statistics Regression analysis Mathematics
Assigmnment 1 Question 1: Give a comprehensive account of the importance of Statistics to you (i) as a government agent‚ (ii) as a Public Administrator‚ (iii) as an individual Statistics‚ is study of the systematic collection‚ organization‚ and interpretation of data. This includes the planning of data collection in terms of the design of surveys and experiments. Is is therefore safe to say that Statistics‚ as a discipline‚ is the development and application of methods to collect‚ analyze and
Premium Statistics Sociology
LESSON – 1 STATISTICS FOR MANAGEMENT Session – 1 Duration: 1 hr Meaning of Statistics The term statistics mean that the numerical statement as well as statistical methodology. When it is used in the sense of statistical data it refers to quantitative aspects of things and is a numerical description. Example: Income of family‚ production of automobile industry‚ sales of cars etc. These quantities are numerical. But there are some quantities‚ which are not in themselves numerical
Premium Statistics
Business Administration- MBA Semester 1 MB0040 – Statistics for Management Assignment Set - 1 Q1. Define “Statistics”. What are the functions of Statistics? Distinguish between Primary data and Secondary data. Answer: Statistics: Statistics as a discipline is considered indispensable in almost all spheres of human knowledge. There is hardly any branch of study which does not use statistics. Scientific‚ social and economic studies use statistics in one form or another. These disciplines make-use
Premium Sampling Statistics Sample
Modern science and technology have changed our lives in many dramatic ways. Airplanes‚ automobiles‚ communications satellites‚ computers‚ plastics‚ and television are only a few of the scientific and technological inventions that have transformed human life. Research by nuclear physicists has led to the development of nuclear energy as a source of power. Agricultural scientists have developed better varieties of plants and highly effective fertilizers. The development of antibiotics and other new
Premium Science Life
Statistics For Management 1. Introduction 2. Statistical Survey 3. Classification‚ Tabulation & Presentation of data 4. Measures used to summarise data 5. Probabilities 6. Theoretical Distributions 7. Sampling & Sampling Distributions 8. Estimation 9. Testing of Hypothesis in case of large & small samples 10. Chi-Square 11. F-Distribution and Analysis of variance (ANOVA) 12. Simple correlation and Regression 13. Business Forecasting 14. Time Series Analysis 15 . Index Numbers Indian
Premium Statistics Normal distribution Statistical hypothesis testing
Importance of Statistics in Society (Lecturer: Statistics and Research Methodology) Nepal Commerce Campus Tribhuvan University Kathmandu‚ Nepal Email:drbhandari2012@gmail.com Statistics plays a vital role in every fields of human activity. Statistics has important role in determining the existing position of per capita income‚ unemployment‚ population growth rate‚ housing‚ schooling medical facilities etc…in a country. The statistical tools like Index number‚ correlation‚ time series analysis
Premium Statistics Scientific method
Most high school students are given the option to take an AP Statistics class. People in general are unaware of the importance of an AP Statistics and how it can benefit high school students in the future. I think that the two main reasons for high school students to actually take AP statistics is because it could possibly help in career fields such as Business and Banking. The basic of statistics involves making descions and if a high school student wants to major in business they have to make
Premium High school College Education
of increased production‚ man has been able to provide food to growing population. With the help of science‚ man has been able to control famines and floods and epidemics. With the help of scientific development in medical field epidemics like plague‚ cholera and malaria and influenza etc. have been eradicated. Now even change of organs and parts of body is possible. Now with the advancement of science‚ it has become possible to change the sex and make man‚ a woman and woman‚ a man. Telegraph‚ telephone
Free Nuclear weapon Science Life