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Statistics What Why

The word statistics conveys a variety fo meanings to people. To some statistics is an imposing form of mathematics, whereas to others it suggests tables, charts and figures, which one commonly finds in newspapers, journals, books, various reports, speeches, classroom lectures, V, etc. each day we are exposed to a wide assortment of numerical information which often has a profound impact on our lives. Numbers play an important role in statistics. They provide the raw material of statistics. These materials must be processed to be useful, just as crude oil must be refined into automobile engine. The study of statistics involves methods of refining numerical and non-numerical information into useful forms.

In other words, the term statistics is concerned synonymous with ways and means of presenting and handling data, making inferences logically and drawing relevant conclusions. In addition to meaning data, statistics also refers to a subject, just as mathematics refers to a subject as well to symbols, formulae, and theorems and accounting refers to principles and methods as well as to accounts, balance sheets and income statements. In this sense statistics is a body of methods of obtaining and analyzing data in order to base decisions on them. It is a branch of scientific method used in dealing with phenomena that can be described numerically either by counts or by measurements. Thus the word statistics refers either to quantitative information or to a method or dealing with quantitative information. In the first reference, it is used as a plural noun-the statistics of births, deaths, imports, exports etc. in the second reference, the word is used as a singular. Statistics deals with the collection, presentation, analysis and interpretation fo the quantitative information.

Some of its important topics are:

In other words, the term statistics is concerned synonymous with ways and means of presenting and handling data, making inferences logically and drawing relevant conclusions. In addition to meaning data, statistics also refers to a subject, just as mathematics refers to a subject as well to symbols, formulae, and theorems and accounting refers to principles and methods as well as to accounts, balance sheets and income statements. In this sense statistics is a body of methods of obtaining and analyzing data in order to base decisions on them. It is a branch of scientific method used in dealing with phenomena that can be described numerically either by counts or by measurements. Thus the word statistics refers either to quantitative information or to a method or dealing with quantitative information. In the first reference, it is used as a plural noun-the statistics of births, deaths, imports, exports etc. in the second reference, the word is used as a singular. Statistics deals with the collection, presentation, analysis and interpretation fo the quantitative information.

Some of its important topics are:

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Assignment Help

Business Forecasting
Central Value Measures
Correlation Regression Analysis
Data Tabulation
Diagrammatic Graph Presentation
Dispersion Measures
Experimental Designs
F Test Variance Analysis
Index Numbers
Partial Multiple Correlation
Probability Expected Value
Sampling Designs
Skewness Moments Kurtosis
Statistical Survey
Decision Theory
Statistical Fallacies
Statistical Quality Control
Statistics What Why
Theoretical Distribution
Vital Statistics
F2 Test
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