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What is statistics in what applications are statistics used?
Statistics is used for data mining, speech recognition, vision and image analysis, data compression, artificial intelligence, and network and traffic modeling. A statistical background is essential for understanding algorithms and statistical properties that form the backbone of computer science.
What are the examples of statistics?
A statistic is a number that represents a property of the sample. For example, if we consider one math class to be a sample of the population of all math classes, then the average number of points earned by students in that one math class at the end of the term is an example of a statistic.
Which is an example of an application of Statistics?
The important economic aspects like production, consumption, exchange and distribution are described, compared and correlated with the aid of statistical tools. By a statistical study of time series on prices, sales, production one can study their trends, fluctuations and the underlaying causes.
Which is an example of a descriptive statistic?
A summary of the descriptive statistics is given here for ease of reference. Notice that the standard deviations are large relative to their respective means, especially for Vitamin A & C. This would indicate a high variability among women in nutrient intake.
Why is the study of statistics so important?
To make sense of all of this information, certain tools and ways of thinking are necessary. The mathematical science called statistics is what helps us to deal with this information overload. Statistics is the study of numerical information, called data. Statisticians acquire, organize, and analyze data.
How are statistics used in the field of Economics?
In the fields of economics it is almost impossible to think of a problem which does not require an extensive use of statistical data. Most of the laws in economics are based on a study of a large number of units and their analysis is enabled by statistical data and the statistical methods.