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- What is statistics
- Analytical software used in statistics
- Branches of statistics
- Limitations of statistics
- Functions of statistics in real life situations
- Understanding probability distribution
- Historical development of statistics
- Understanding measures of variability
- Statistical hypothesis testing
- Differences between descriptive and inferential statistics
Statistics majorly involve the collection, analysis, organization, and interpretation of data. Statistics numerically express facts to infer the samples by use of logical reasoning. This broad subject plays a crucial role in almost every field of human activity. It can be used to determine the current position in a country's unemployment, per capita income, housing, population growth rates, medical facilities, schooling, etc.
Statistics has become a central key in relatively every field including commerce, industry, astronomy, biology, mathematics, economics, physics, psychology, etc. Indeed, there is an extensive application of statistics. In this post, we shall comprehensively discuss some of the fields in which the application of statistics is essential. These fields are commonly:
Economics
Many concepts of economics entirely depend on statistics for interpretation. Some of these concepts are employment, national income, and inflation.
Moreover, the laws of demand and supply, exports and import relationship are well illustrated through statistics. An excellent example of how statistics is used in economics is the census. Here, the Bureau of statistics uses the formula of statistics to approximate the population of the capital
Sociology
Sociology is a social science that aims at discovering the basic structure of human society by identifying the significant forces that tend to either hold the society together or make them weak through understanding the conditions that transform the social life. Sociology helps to illuminate and highlight some of the aspects of social life that would otherwise be obscurely understood or recognized.
The application of statistics is used to study the cultural changes of society. The extensive use of statistics has helped the sociologist to study the relationship between poverty and prostitution, poverty and crime, crime and drunkenness, crime and illiteracy, etc. Therefore, the use of statistics is quite indispensable for the sociological research studies.
State Management and Planning
Statistics is widely used by a government to ease the varied and complex functions. For effective state management, various departments need the knowledge of statistics to collect statistical data and record it systematically. This statistical data pertain to different fields such as natural resources, agricultural and industrial production, population, finance, labor, trade, prices, health, crimes, defense, education, etc. It is only through this statistical data that gives the government idea of which areas to give more attention and priority.
Statistics is also a key element in planning. The government uses statistics to assess various human and material resources relating to agriculture, population, health, prices, etc., which help in fixing up time bound target on economic and social fronts. Through the continuous gathering of precise statistic data, the government can access if the programs are towards the goal set or not
Astronomy
The use of statistical methods has made it easy for scientists to measure the distances between the sun, earth, and moon. It is difficult to measure the length, size, density, and mass of the objects in the universe without making any errors, but with statistics formulae, scientists can do this quite easily with the best probability.
Business
Statistics is vital in the business field. Through statistical tools, businesspeople find it easy to make decisions in marketing, production, and finance. Through statistics, we can also learn the taste and preferences of our customers.
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