STATISTICS HOMEWORK HELP
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Statistics is the science that uses real life information to transform it into numerical models, with the goal of understanding reality but always dealing with uncertainty.. It provides tools for prediction and forecasting.
A way to understand the data that is collected about us and the world. For example, every time you send a package through the mail, that package is tracked in a huge database.
It applies in every area such as astronomy, public health, sports, engineering, marketing etc. As the company’s name shows best, it also serves best.
Now a day statistics has expanded, and it has a much broader meaning. It is now it is using all types of data and methods to analyze the data.
Statisticians make inferences about the real world based on data. The inferences are never certain because data always has some randomness.
Why are statistics important?
Statistics refers to the statistical principle and method for collecting, analyzing, and interpretation of the data.
The statistical method is the techniques used for collection, summarization, classification, analyzing condensing and interpretation of the huge and complex numerical data. By their use, useful deduction conclusion is drawn statistical laws are formulated.
Unlike mathematics statistics is not deterministic, it’s probabilistic. So you can’t arrive at a directly determined conclusion on the experiments or study which you conduct. In statistics, all conclusions are made with certain probability at some level of significance with certain confidence interval which means the conclusion which you are arriving out of experiment may be within a confidence interval with a certain level of significance.
For this cause, you involve the collection of required data for your experiment based on your interest of method which is available in the literature. Post this you involve cleaning of data, select a suitable analysis for your study.
When used correctly, statistics tell us any trends in what happened in the past and can be useful in predicting what may happen in the future.
Statistics is the method of conducting a study about a particular topic by collecting, organizing, interpreting, and presenting data. Being a statistician at an elementary level may simply mean noticing patterns in daily circumstances and drawing conclusions about those patterns. On a grander scale, statisticians may spend months or years conducting a study before they can produce a meaningful analysis of information. Statistics is its own community, with rules, procedures, and policies all built on simple mathematical principles.
Is Statistics a good major?
The ability to collect and interpret data is an incredibly valuable skill, especially these days when data is becoming increasingly prominent in technology.
With a statistics major, you could open doors in :-
- Actuarial science
- Data science
- Machine learning
- Research analytics
- Software engineering
- General sciences
- And many more.
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Statisticians can aim toward employment in a variety of industries, academics (although this takes much more than an undergraduate degree), or use their training in economics or actuarial science areas.
It is a very useful subject. Besides it’s use as a subject itself when you be in the teaching side, this is widely used in Economics for running regression analysis and econometric, in banking for risk management , in project appraisal, in stock market analysis, in engineering, in demographic analysis, in insurance and even in health education and dentistry. It is a very good subject for policy intervention and decision making.
Why should one study statistics?
Studying statistics has the advantages of studying math, without the disadvantages.
The good thing about math is that it is pure intellectual creativity. You don’t have to bore yourself with funding applications for large surveys or expensive equipment. You don’t have to sit in boring meetings discussing the political correctness of a hypothesis or the reliability of the source.
In statistics, there’s plenty of low-hanging fruit waiting to be picked, everybody can see the usefulness of it, and you can get jobs in lots of sectors. You may contribute to the advance of logistics, medicine, archaeology, astronomy, linguistics and manufacturing all in one career. If you get bored with one research area or industry you just switch to another.
Types of statistics :-
There are two types of statistics, descriptive and inferential.
- Descriptive statistics use mathematics to describe Data.
- Inferential statistics is a form of reasoned argument that relies on mathematics to support a thesis.
Statistics is the branch of mathematics which deals with the representation of data.
Where as, mathematics is the science which deals with numbers, shapes, etc.
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Statistics is one of the most difficult tasks for both high school and college students. It is also an extended branch of mathematics. Our experts provide statistics homework help to students all over the world.
Statistics involves the process of collecting and analyzing data and then summarizing the data into a numerical form. It applies in wide areas such as Finance, Insurance, and Economics.
Every statistics task has lots of requirements and guidelines. The main problems, which you can face, while completing your statistics homework are limit data, lack of analytical and statistical skills and the shortage of time.
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Statistics is one of the most popular degree courses among the modern day students. It opens the door to careers in many fields for the students. However, students have to make many efforts to deserve those exciting career options.