What Is Statistics? Describe Importance Of Statistics In Different Fields?

A statistic is the result of applying a proper function (algorithm) to a set of data available to us. Its statistical theory defines statistic as a function of a sample or a selected thing where the function itself is independent of the sample's distribution and separation. Statistics can be used in various fields from simple to complex. We may use it for counting things. We may use it in mathematics. Its main use is in research tasks. It makes our data compilation easier than ever before. It is all about simplification of things in a real world. It is playing a vital role in calculations in science subjects. It is helpful to keep and improve the record of an organization. Business management is incomplete without education of statistics. This shows that statistics is playing a role in all of the fields, it has a role in buying fruits from markte and it has a role in a big business deal as well. So we cannot deny its important and animated role in any way.

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The word statistics have been derived from the Latin word status or the Italian word "statista". Both the word means a political state. The word statistic is also found used by Shakespeare and Milton in the same of states men i.e. a person well versed in the affairs of the state. Its originally meant information useful to the state.

Statistics has come to play an important role in almost every field of life and human activity. There is hardly any field where statistical data or statistical methods are used for one purpose or the other our arrival in this world and departure from here are recorded as statistical data somewhere and in same form.

Statistics plays an important role in business, because it provides the quantitative basis for arriving at decisions in all matters. All types of banks make use of statistics for a number of purposes. Statistics has proved to be of immense use in physics and chemistry. It has given a new understanding to the essential qualities of the laws of nature.

Statistics plays an important in psychology and education. In experimental psychology, whenever a problem has to be studied, it has to be based on a sample. Statistical methods are also used in analyzing the experimental data and drawing conclusions there from.

We have seen that statistics now holds a central position in almost every field and the importance of statistics is increasing day by day.

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A statistic is the result of applying a proper function (algorithm) to a set of data available to us.

Statistics has come to play an important role in almost every field of life and human activity. There is hardly any field where statistical data or statistical methods are used for one purpose or the other our arrival in this world and departure from here are recorded as statistical data somewhere and in same form.

Statistics plays an important role in business, because it provides the quantitative basis for arriving at decisions in all matters. All types of banks make use of statistics for a number of purposes. Statistics has proved to be of immense use in physics and chemistry. It has given a new understanding to the essential qualities of the laws of nature.

Statistics plays an important in psychology and education. In experimental psychology, whenever a problem has to be studied, it has to be based on a sample. Statistical methods are also used in analyzing the experimental data and drawing conclusions there from.

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Use of statistics in different field.

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Like most people, you probably feel that it is important to

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An analysis of understanding which makes complex visualities to simpler ones

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