10 Everyday Reasons Why Statistics Are Important. Statistics are sets of mathematical equations that are used to analyze what is happening in the world around us. You've heard that today we live in the Information Age where we understand a great deal about the world around us. Much of this information was determined mathematically by using ...
Why statistics are important in our life? Statistics are the sets of mathematical equations that we used to analyze the things. It keeps us informed about, what is happening in the world around us ...
Here's a fun fact: Did you know Kleenex were first made for gas masks? Or that a one-armed player scored the winning goal in the first World Cup? Find more interesting facts here!
Perhaps this is a carry on from Brian's answer: 1. Because MOST non-trivial real world problems require dealing with uncertainty. Seriously. You can't test a drug, a medical procedure, a business model, a call center strategy, Web site user-in...
Fun Facts and Statistics: More than 10 people a year are killed by a vending machine. Summer on Uranus lasts 21 years. 0.3% of solar energy from the Sahara is enough to power the whole of Europe. Thomas Alva Edison patented almost 1,300 inventions in his lifetime. The oil used by jewelers to lubricate clocks and watches costs about $3,000 a gallon.
Have Fun. Careers in statistics are fun. You could be a “Moneyball”-style statistician who helps professional sports teams pick the next season’s new players, or a member of the data science team of a U.S. presidential campaign.The field is filled with interesting opportunities and dynamic people.
The same should be true with statistics. If an analyst presents unreliable conclusions, there is no one better qualified than a statistician to identify the problem and fix it! So, what is the field of statistics, and why is it so important? The Field of Statistics. The field of statistics is the science of learning from data.
Why Study Statistics WHAT IS STATISTICS ? Statistics is the science and, arguably, also the art of learning from data. As a discipline it is concerned with the collection, analysis, and interpretation of data, as well as the effective communication and presentation of results relying on data.
A recent article in the New York Times titled " For Today's Graduate, Just One Word: Statistics" outlines many reasons why statistics is an up and coming field, including the quote from Hal Varian, chief economist at Google, who said "I keep saying that the sexy job in the next 10 years will be statisticians".
Think you're good at guessing stats? Guess again. Whether we consider ourselves math people or not, our ability to understand and work with numbers is terrib...