What are the uses and abuses of Statistics in the real world?

Q: What type of statistics is presented in the financial section of a newspaper, inferential or…

A: Descriptive statistics: Based on the situation, the data is collected. It is then organized and…

Q: what are importance and applications of statistics? Write in detail.

A: When the man started counting, comparing, and keeping records in one or another way, the subject…

Q: Give an example of a situation in statistics that demonstrates the need for sampling.

A: Hi! Thank you for the question as per the honor code, we’ll answer the first question since the…

Q: What does data mean in statistics definitions

A: Statistics:The science of collecting, analysing and making inference from data can be termed as…

Q: Can one "trust"

A: Statistics is the study of collecting , analyzing and interpretation of the data.

Q: Share and discuss in general the use and misuse of statistics in our day to day lives.

A: HEALTH MANAGEMENT In this pandemic time of covid-19, statistics is used widely. If we need to…

Q: Good Day! Can I ask for a brief explanation on what is the use of Statistics in the real world?

A: Solution-: Brief explanation on what is the use of Statistics in the real world?

Q: highlight the KEY lessons of probability and statistics relevant to business decision making

A: Statistics is the branch of applied Mathematics in which we do collection, analysis, interpretation…

Q: what is statistics- future scenarios in terms of doing project management?

A: Statistics analysis-future scenario helpful in estimation of expecting compeletion time of the…

Q: Why is probability theory important to statistics?

A: The probability of an event:The probability of an event is obtained as the ratio of favourable…

Q: How will statistics play a part in a health provider's career?

A:

Q: State one disadvantage of displaying data in groups?

A: Statisticians or researchers collect, display and analyze the data for their purposes. After…

Q: How statistical tests are used?

A:

Q: How is statistics used in information systems?

A: statistics is used for data mining ,speech recognition ,vision and image analysis ,data compression…

Q: What test statistics will be used for this problem?

A: Test is that whether there is a color preference in shirts.

Q: Why is statistics called the language of science?

A: Statistics is called the language of science because it is essential for a scientist to do their…

Q: what are the real-life implications of statistics in businesses? give 3 examples

A: The statistics used in all the departments of business activity like sales, purchase, production,…

Q: What are the laws of repetition of categories in statistics?

A: The law of averages is the commonly held belief that a particular outcome or event will, over…

Q: What are the terminologies used in Statistics? Give them all

A: The terminology used in statistics are listed below

Q: What is Importance of studying Business Statistics?

A: We have to define the the importance of studying Business:

Q: What is the goal of statistics?

A: The main purpose of statistics is to understand the data deeply.

Q: What is the important concept in inferential statistics? Explain it.

A: Descriptive and inferential statistics: Descriptive statistics concerned with describing the target…

Q: What are application of statistics and math?

A: Statistics help in providing data as well as tools to analyze the data. Some powerful techniques are…

Q: What would be two issues in making a direct comparison on the statistics of each variable? Using…

A: Introduction - Minitab - It is an application software for studying statistical tools and applying…

Q: How is the goal of descriptive statistics served by putting scores in a frequency distribution?

A: It is an important part of statistics . It is widely used .

Q: The mean and median of a data set are always equal. O True O False

A: The mean and median are not always equal because it depends on the dat set.

Q: When it comes to statistics, what are variables and operational definitions? What is their purpose…

A: Operational variables usually define and measure a specific variable as it is used in the study.…

Q: Explain the value of the business statistics in management

A: Statistical research in business enables managers to analyze past performance, predict future…

Q: What is statistics

A: Statistic is the measurable quality.

Q: What are the two ways to understand the mean of a data set ? How would you go about giving examples…

A: Grouped Mean: Grouped mean is the mean of the dataset that is given in a grouped format with classes…

Q: Why is it important for students of behavioral research to understand statistics

A: Behavioral Research is a human science which is deals with research in social and behavioral…

Q: It is a branch of statistics that deals with data analysis and one of its technique is to “describe”…

A:

Q: what were your thoughts on the role of statistics in engineering? 3-5 sentences please

A: Basically, Engineers work is to construct the designs , to find approximate values and to do…

Q: Discuss with the aid of sketch the intimate relationship between Statistics and Research.

A:

Q: Discuss the importance of real analysis in statistics?

A: Here are some Importance of real analysis Statistics.

Q: What are the examples of Descriptive Statistics?

A: Descriptive statistics summarize the characteristics of a data set.  There are four major types of…

Q: What are your ideas about the topic of Gathering and Cleaning the Data? Why do you think this topic…

A: Data preprocessing a step in data analysis when the raw data is converted to an understandable form.

Q: What is use of Statistics on Societal Problems and Project studies?

A: purpose of statistic

Q: find an example of when statistics were misused/skewed and state the reason why you think the…

A: when statistics were misused/skewed: Misuse can also result from mistakes of analysis that result in…

Q: Discuss how statistics, as a way of organizing and summarizing data, helped make good decisions when…

A: Statistics is the branch is the branch of applied mathematics in which we do collection, analysis,…

Q: In your own word, explain what is inferential statistics with relevant examples.

A: When we take a sample from the population and try to infer the properties and parameters of…

Q: Suppose a statistics professor reports a final exam average

A: Empirical rules tell us about how much percentage of data falls within the intervals. According to…

Q: How is statistics used in everyday life?  Who uses statistics? How can a course in statistics…

A: Statistics are used all over the world. They can be applied in almost any situation and can always…

Q: Do you think statistics is useful in business analysis? Discuss in not more than 150 words

A: Solution: Do you think statistics is useful in business analysis?

Q: Why is it important to understand statistics when assessing and designing research?

A: STATISTICS: It is the study of the collection of data and analysis it and interpret the data then…

Q: test

A: Given: Sample size, n = 10 Mean, μ=14 Sample mean, x = 14.75 Standard deviation, s = 1.75 Suppose…

Q: I would like to know the difference between statistics and data.

A: Data is the raw form of information that is collected in the primary stage through research,…

Q: The variablilty of statistics is described by

A: Variance describe the  variability in the data set.

Q: Discuss the Importance of Statistics in the field of Accounting Research.

A: Accounting research  increases the consideration of how stakeholders use the data accountants give,…