Mat300 Spring 2008

NAMECOURSETUTORDATEIMPORTANCE OF STATISTICSStatistics as a discipline is one of the most austere diaphysiss in conclusion devising and is applied in distributively day life by consumers , families suppliers , businessmen and in all(prenominal)(prenominal) academician and professional fraternities . Statistics provides tools necessary to appraise and intelligently learn entropy hence facilitate the process of making assured decisions . For inclination lesson , if a family uses 100 daily on middling for fellowship expenses give or take 20 , because they can invest 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 apply for the family to smoothen out their silver flow worrys and come up with a workabl e efficient budget (Lane 2003One advantage of fellowship of statistics is the ability to differentiate amidst irrelevant information and substantiated information regarding password , 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 ignore the measures of variation and relative standing and gum olibanum ill-shapen statistical application as a tool that support decision making . A good example of legal statistical use is forecasting election results .

everywhere the other(a)(prenominal) , statistical projections with regards to election have been over 90 close 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 disciplines and the vast application of statistics in decision making in every day life from methodologies used in climax up with the fiscal budget and the modalities used to evaluate budgetary surplus and deficit calculation of gross house handmaid product , inflation , analysis to evaluation of relief supplies indispensable in case of national disasters and even criteria used to overhear 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 value mathematical theories and problems in the moxie that statistics - being a viable application course - uses abstract mathematical models leading to an inside apprehensiveness 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 , simple linear models and regression assumptions can only make smell out 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 hypothetical use and application of this testsHowever , in my opinion one bowl that...If you want to get a full essay, order it on our website: OrderCusto mPaper.com

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