Discuss the significance of statistics in various feild
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Answer:
Importance of Statistics in Different Fields. 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.
Statistics is concerned with developing and studying different methods for collecting, analyzing and presenting the empirical data. The field of statistics is composed of two broad categories- Descriptive and inferential statistics. Both of them give us different insights about the data.
Explanation:
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Answer:
STATISTICS IS A SUBSET OF MATHEMATICS AND THE IMPORTANCE CANNOT BE GAINSAID FOR SURE.
Explanation:
ALL DATA ANALYTICS, BUSINESS ANALYSIS IS DONE BASED ON STATISTICAL REPORTS. CRITICAL STATISTICAL MEASURES INCLUDE, MEAN, MEDIAN,MODE, STANDARD DEVIATION, INTER ALIA.