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Fundamentals of Statistics


YOUR INVISIBLE TUTOR:  You are welcome, First of all, lets introduce what the course statistics is, throughout this month, we shall be treating the introductory part of this wonderful course, always check back for next topic.
Uses of statistics

1.      To present data in a concise and definite form: statics helps in classifying and tabulating raw data for processing and further tabulation for end users.
2.     To make it easy to understand complex data: This is done by presenting the data in the form of tables, graphs, diagrams, etc, or by condensing the data with the help of means, dispersion, etc.
3.     For comparison: tables, measures of means and dispersion can help in comparing different sets of data.
4.     In forming policies: It helps in forming policies, like a production schedule, based on the relevant sales figures. It is used in forecasting future demands.
5.     Enlarging individual experiences: complex problems can be well understood by statistics, as the conclusions drawn by an individual are more definite and precise than mere statements of facts.
6.     In measuring the magnitude of a phenomenon: Statistics has made it possible to count the population of a country , the industrial growth, the agricultural growth, the educational level in numbers.
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