STATISTICS
It is a mathematical science pertaining to the
collection, analysis, interpretation or explanation,
and presentation of data. Also with prediction and
forecasting based on data.
Statistics form a key basis tool in business and
manufacturing as well. It is used to understand
measurement systems variability, control
processes for summarizing data, and to make
data-driven decisions.
Some fields of inquiry use applied statistics so
extensively that they have specialized terminology.
Ex- engineering statistics, social statistics,
statistics in sports, etc…
ORIGIN
The word ‘statistics’ and ‘statistical’ are
derived from the Latin word status,
means political state.
Statistics is concerned with scientific method for
collecting and presenting, organizing and
summarizing and analyzing data as well as
deriving valid conclusions and making
reasonable decisions on the basis of this
analysis.
Today, statistics is widely employed in government, business,
and natural and social sciences.
Today, statistical methods are applied in all fields that involve
decision making, for making accurate inferences from a
collated body of data and for making decisions in the face of
uncertainty based on statistical methodology. The use of
modern computers has expedited large-scale statistical
computations, and has also made possible new methods that
are impractical to perform manually. Statistics continues to be
an area of active research, for example on the problem of how
to analyze big data.
INDUSTRIES AND
Report of early sales & comparison others.
BUSINESS
It shows where the factory or its sales lack and where
they are good
AGRICULTURE
What amount of crops are grown this year in comparison to
previous year or in comparison to required amount of crop for
the country
Quality and size of grains grown due to use of different
fertilizer.
FORES
How much growth has been occurred in area under forest or
TERY
how much forest has been depleted in last 5 years?
How much different species of flora and fauna have increased
or decreased in last 5 years?
EDUCATION
Money spend on girls education in comparison to boys
education?
Increase in no. of girl students who seated in who Seated
for different exams?
Comparison for result for last 10 years.
ECOLOGICAL
Comparison of increasing
STUDIES impact of pollution on global
warming?
Increasing effect of nuclear reactors on environment?
MEDICAL STUDIES
No. of new diseases grown in last 10 year.
Increase in no. of patients for a particular disease.
SPORTS
Used to compare run rates of to different teams.
Used to compare to different players.
USE OF
Nowadays graphsGRAPHS
are used almost everywhere. In Stock
Market, graphs are used to determine the profit margins
of Stock.
There is always a graph showing how prices have changed over
time , unemployment figures , inflation , exchange rates ,
NASA space stories , global warming statistics , mortgage
lending figures , house price comparisons , inflation , budget
forecasts. taxation or pension forecasts, Food prices , and
how they have changed over time etc.
Graphs are used to explain large amounts of data Medical
graphs are used to collect information about patients, such as
graphs showing a 1 to 10 pain scale for patients after surgery.
These charts can help doctors and nurses quickly assess the
effectiveness of pain medications and help doctors determine
when to adjust medications as needed for a patient's
comfort.
In business, graphs are used to collect and present data used
to evaluate the effectiveness of sales campaigns and to
assess other aspects of daily business functions, such as
comparing expenses to revenues earned. it is used in rating
the climate, indicate money and sales chart, stock rates and
other financial stuff. it is used to rate annual sales figure. it
is used in daily news papers and magazine. it used in computer
networking and to rate our savings in year. it is used in
surveys, monthly budget, in presentations
