Importance of Statistics

Topics: Statistics / Pages: 8 (1908 words) / Published: Mar 29th, 2013
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 collection, analysis, and presentation of data. Statisticians contribute to scientific enquiry by applying their knowledge to the design of surveys and experiments; the collection, processing, and analysis of data; and the interpretation of the results.
Statisticians may apply their knowledge of statistical methods to a variety of subject areas, such as biology, economics, engineering, medicine, public health, psychology, marketing, education, and sports.
Many economic, social, political, and military decisions cannot be made without statistical techniques, such as the design of experiments to gain federal approval of a newly manufactured drug.
Statisticians provide crucial guidance in determining what information is reliable and which predictions can be trusted. They often help search for clues to the solution of a scientific mystery and sometimes keep investigators from being misled by false impressions

Why do we need to study statistics?

There are five major reasons to study statistics: * The first reason is to be able to effectively conduct research. Without the use of statistics it would be very difficult to make decisions based on the data collected from a research project. For example, in the study cited in Chapter One, is the difference in recorded absenteeism between psychiatric and obstetrics nurses large enough to conclude that there is meaningful difference in absenteeism between the two units? There are two possibilities: The first possibility is that the

You May Also Find These Documents Helpful

  • Importance of Statistics
  • Importance of Statistics
  • Importance of Statistics in Society
  • Importance Of Ap Statistics
  • Importance of Assessing Statistics
  • The Importance Of AP Statistics
  • Importance of Statistics in Business
  • importance of Mathematics and statistics to Economics
  • Statistics
  • Statistics