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- Statistical knowledge helps you use the proper methods to collect the data, employ the correct analyses, and effectively present the results. Statistics is a crucial process behind how we make discoveries in science, make decisions based on data, and make predictions. Statistics allows you to understand a subject much more deeply.
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Dec 11, 2017 · Statistics is a crucial process behind how we make discoveries in science, make decisions based on data, and make predictions. Statistics allows you to understand a subject much more deeply. In this post, I cover two main reasons why studying the field of statistics is crucial in modern society.
- To Use Descriptive Statistics to Understand the World. Descriptive statistics are used to describe a chunk of raw data. There are three main types of descriptive statistics
- To Be Wary of Misleading Charts. There are more charts being generated in journals, news outlets, online articles, and magazines than ever before.
- To Be Wary of Confounding Variables. One important concept that you’ll learn about in statistics is the concept of confounding variables. These are variables that are unaccounted for and can confound the results of an experiment and lead to unreliable findings.
- To Make Better Decisions Using Probability. One of the most important sub-fields of statistics is probability. This is the field that studies how likely events are to happen.
Apr 11, 2022 · Reason 1: Statistics allows researchers to design studies such that the findings from the studies can be extrapolated to a larger population. Reason 2: Statistics allows researchers to perform hypothesis tests to determine if some claim about a new drug, new procedure, new manufacturing method, etc. is true.
Jul 19, 2024 · Statistics are important because they help people make informed decisions. Governments, organizations, and businesses all collect statistics to help them track progress, measure performance, analyze problems, and prioritize.
Nov 16, 2011 · Today’s new breed of statisticians are sleuths who use modern analytics to find patterns in vast oceans of information. “Almost every arena of life generates data that can be mined for valuable patterns,” says Altman, “ranging from predicting storm paths and movie sales to determining the best target drugs for individual genetic profiles.”
Oct 16, 2020 · What is statistics, and why is it important? As a study, statistics is the art of understanding data. Statistical science covers the collection, processing, analysis, interpretation and communication of data. Statistics can also mean the numbers which summarise data and information.
Apr 23, 2022 · Learning Objectives. Give examples of statistics encountered in everyday life. Give examples of how statistics can lend credibility to an argument. Like most people, you probably feel that it is important to "take control of your life."
