This article aims to brief out the scope and importance of statistics and the reasons why students must give priority in understanding the concepts of the subject.
Statistics plays an integral role in our lives and statisticians attempt to improve the authenticity of the data with various design experiments and by conducting a survey sampling. The roots of statistics is now considered to be distinct mathematical science than a branch if it. Descriptive statistics aims to summarize and collect data using the data tools and models. Statistics only represents data on what happened and it does not bother to make its research on why it happened or how an event happened.
Having said this, understanding the scope of Statistics will enable us to use the data correctly and more efficiently than being without a proper understanding. Students in the colleges and universities in the United States of America are being tested with various assignments in their colleges for them to be efficient learners of the statistical concepts and not just pass out with a degree. When students struggle with the concepts and theories of statistics in the assignment they mostly seek statistics assignment help services being offered by various companies across the globe.
Sometimes it is very hard for us to measure a quantity or quality with the statistics related to it. For instance statistics in sports might make a person appear superior if they have a good statistical score, however statistics does not consider the situation when the player performed. Hence the statistical figures should be handled with maturity and intelligence by common man as well as experts in the field who are involved in producing the facts.
Statistics is very closely related to probability theory on various levels and the difference between the them is in the order of inference. Statistical knowledge is extremely important in for a businessman as he formulates his plan of action based on data and for them to predict the fluctuations in the market, statistics plays an important role in their business. Every successful businessman would have used some form of statistical methods or techniques for improving their business strategies and marketing plans.
Statistics also has a very crucial role to play in the field of economics and the statistical data has been extremely useful during the times of identifying and solving economic problems like poverty , unemployment , distribution of assets in income , consumption of goods in the market , demand created by the consumers , supply produced in the market and so on .Likewise Statistics has a very huge role to play in the society and hence students must realize the scope and importance of the subject and give importance to their assignments in college and universities which will help them when they graduate.