IMPORTANCE OF STATISTICS IN DIFFERENT FIELDS
Statistics plays an important role in every field of human inquiry and has proved to be useful in almost every field where research is carried out and findings are reported. When statistics is applied in economics, it is called econometrics, when it is applied in biological sciences, it is called Biometry. Similarly Psychometry and others. The following are some of
the instances showing how and where statistics help.
1》
Statistics are an aid to supervision.
2 》
Planning without statistics can not be imagined. Whenever we think of some plane, we think of statistics because planning without statistics can not be imagined. Five
year plans are based on statistical data and analysis. Statistics also provide an
objective check of the effectiveness of various plans and programmed
3》
Statistics are the eyes of administration. Various problems such as unemployment, crime. drink evils, poverty etc. require statistical investigation in order to study their causes.
4》
Statistics have made great improvement in agriculture and industry.
5》
Statistics is indispensable to business and commerce. A business man, an industrialist employ statistical methods in their work.
6》
Statistics is of great help to brokers, speculators and investigators.
7》
Statistics is the arithmetic of human welfare. Statistics has made valuable progress and has served humanity in different fields of life.
8》
The structure of. Insurance is based on statistics. Insurance companies make extensive Lose of the statistical data.
9》
Statistics is a source of making forecasts about many facts. Past knowledge of statistics helps in comparing the results from year to year and in finding out the reasons for changes and the effect of such changes in future.
10 》
Statistics is indispensable in social sciences, In social sciences, one of the major objectives is to establish relationship that exists between certain variables.
10》
Statistics is indispensable in plant sciences, physicals sciences and medical sciences.
11》
The most important aspect of statistics in plant sciences research is its role in efficient planning of experiments and drawing conclusions.
12》
The use of statistics in physical sciences is widely accepted. Linear and non-linear regression models are used to establish cause and effect relationship between different variables.
13》
The use of statistics in medical sciences is to helpful about the effectiveness of new
drugs, effect of environmental factors, heritability and other related problems.
Now a days there is no important field in which statistics is not used. Every science depends to some extent on the collection of data and its analysis.
FUNCTIONS OF STATISTICS:
Statistics holds a significant place in the modern times. It is not merely a device for
collecting data but a means of developing sound technique for the representation and analysis
of data thus collected. It is a science of interpreting and drawing inferences out of the data
collected. The important functions of statistics may be summed up as follows:
(i)
Presentation of facts in definite form.
(ii)
Simplification of complexities
(iii)
Statistics facilitates comparison.
(iv)
Statistics helps in the formation of policies and programmed.
(v)
Statistics helps in forecasting.
(vi)
Statistics widens individual experience and knowledge.
(vii)statistics widens individual experience and knowledge
(viii) Statistics shows relative importance
(Xi) Statistics tests the law of other sciences.
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