Importance of Statistics
Importance of Statistics
OF
STATISTICS
M A R K RYA N D . S A R I O
Statistics:
o Statistical knowledge helps you use the proper methods to
collect the data, employ the correct analyses, and effectively
present the results.
o Statistical knowledge helps you use the proper methods to
collect the data, employ the correct analyses, and effectively
present the results.
o Statistics is a crucial process behind how we make discoveries
in science, make decisions based on data, and make predictions.
Statistics allows you to understand a subject much more deeply.
Reason Where Statistics Prove
to Be Important:
WEATHER FORECAST INSURANCE
How do you make a decision? We use our gut some, but ideally, we
want it to be based on information. Data is important, because
sometimes our gut is very very wrong. But also, the more you
understand statistics, the better your gut feelings get.
Now that we have our information and we’ve organized it, what
conclusions can be drawn? A set of numbers can tell many
different stories, how do you make it tell the truth? What are
its limitations? What additional information do we need to make
our decision?
Importance of Statistic in my
Course or Field Of Study
Draftsman does not just improve the aesthetics, it also makes it
more functional and ensures each space is utilized to its maximum
potential in a good way. The best design does not cost much. It
also accounts for the traffic flow. It improves the quality of
life.