Indangan BSA - 3rd Year - Block 1 Statistical Analysis with Software Application Activity 1 : Prelim
Statistics, as to definition, is a branch of Mathematics dealing with the
collection, analysis, interpretation, and presentation of masses of numerical data. It is important in all fields of human activity. It plays an essential role in almost all fields including commerce, trade, economics, astronomy, mathematics, sciences, and all. Statistics is a means of formulating new knowledge. It creates solution to a particular problem since it challenges a certain hypothesis or assumptions. One of the important application of Statistics that can help in solving societal problems is research interpretations and conclusions. According to study, statistical analysis helps reduce or eliminate errors so that most researchers can confidently make conclusions that will then direct further research.
Personally, as a student, statistics help in my research projects making
conclusions and giving answers to my research problem using the different statistical tools. Also, as I always see in the television, Statistics is very useful in weather forecasting, national surveys and all. In the business world, statistics is really helpful in forecasting future opportunities. In economics, it is very essential because it helps in determining certain factors affecting economics. To sum it all, Statistics is really helpful in all ways and in all fields.