Mat300 Spring 2008

NAMECOURSETUTORDATEIMPORTANCE OF STATISTICSStatistics as a discipline is one of the most austere diaphysiss in finish devising and is applied in separately day life by consumers , families suppliers , businessmen and in any(prenominal) donnish and professional fraternities . Statistics provides tools necessary to appraise and intelligently learn learning hence facilitate the process of making assured decisions . For object glass lesson , if a family uses 100 daily on middling for crime syndicate expenses give or take 20 , because they can great deal their monthly provision for expenditure among 2400 and 3600 . In making this decision , the use of measure of eye (average ) and measure of variation (range ) were employ for the family to smoothen out their silver flow hassles and come up with a workable efficien t budget (Lane 2003One advantage of companionship of statistics is the ability to differentiate amidst irrelevant information and substantiated information regarding word , information and different force fields that need statistical verification in decision making . For example in one article the writer in furthering his /her argument remarked that the problem with statistics is that if one was to put his head in an oven and his /her feet in a fridge then his /her body temperature on average would be optimal (370 . Although this argument is logically right , the writer snub the measures of variation and relative standing and gum olibanum misshapen statistical application as a tool that back up decision making . A good example of sound statistical use is forecasting election results .

everywhere the away , statistical projections with regards to election have been over 90 right and given the nature of election this shows that statistics if applied mightily has a high degree of accuracy and hence credibleStatistics has contributed to the spirit of other(a) disciplines and the vast application of statistics in decision making in every day life from methodologies used in coming up with the fiscal budget and the modalities used to evaluate budgetary surplus and deficit calculation of gross house retainer product , inflation , analysis to evaluation of relief supplies necessary in case of national disasters and even criteria used to scan as a drug as effective or a product fit for human consumption (Lane , 2003As a bookman of statistics the mathematical aspect of the discipline made me understand and propose mathematica l theories and problems in the moxie that statistics - being a achievable application course - uses abstract mathematical models leading to an inner grounds of mathematics . Therefore the course has not all assisted in applying mathematical formulas but has also facilitated the understanding of some of the mathematical models . An example is , before the knowledge of statistics , simpleton linear models and regression assumptions can only make gumption when applied in statistical analysis and forecasting . In addition the use of excel work sheet and SPSS as statistical tools has led to a better understanding in complex statistical calculation like thevalue , F-test among others since before victimisation computer aids one must understand the suppositious use and application of this testsHowever , in my opinion one theatre that...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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