Week 2: Use of Statistics, Importance of Statistics and Application of Statistics

Uses of Statistics:    application of Statistics

  • To inform the general public.
  • To explain things that have happened.
  • To justify a claim
  • To provide general comparison.

Importance of Statistics :

  • Large numbers are always estimated not counted
  • The motto of statistics is not mere collection of data but comparison.
  • Research is impossible without statistical tools.

Application of Statistics:

Statistics plays a vital role in every field of human activity. Statistics helps in determining the existing position of per capita income, unemployment, population growth rates, housing, schooling medical facilities, etc., in a country.

  • Banking
  • Economics
  • Business
  • Mathematics
  • Accounting and Auditing
  • Natural and Social Sciences
  • Astronomy

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