What are the uses of statistics in real life?
Statistics perform an essential role in every field of human activity. The importance of statistics is far-reaching and includes almost every possible domain. Uses and importance of statistics can be seen in fields as different as agriculture, mathematics, healthcare, engineering, decision making, geography, sports, sociology, marketing, government, nursing, planning, banking, economics, research, education, medicine, accounting, business, technology, psychology, business economics, business management, industry, physics, biology as well as educational research. Statistics Statistics are a collection of numerical equations used to examine what is happening in the world around us. You have heard that today we live in the information age where we understand a lot about the world around us. Most of this information was mathematically determined using data. When used correctly, statistics tell us any trends in what happened in the past and can be useful in predicting what may hap...