Week 2 Uses 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