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Statistics Function

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Submitted By cindykei
Words 423
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Statistics allows the presentation of figures and facts in a way or form that is define. This helps make it logical and more concrete then just describing. It consolidates the whole groups of figures into one figure. It also simplifies the data. The raw data on its own can confusing and seem incomplete. By using different measurements in statistics such as average, graphs, correlation; the data then becomes more simplified. These different measurements help interpret and infer drawings. When the data is simplified and presented in an easier form such as graphs, comparison becomes easier as well. Comparison is an important function in statistics. According to " 7 Most Essential Functions Of Statistics " (2010), ” the object of statistics is to enable comparison between past and present results to ascertain the reasons for changes, which have taken place and the effect of such changes in future”. Therefore, statistics aims to help deriving an inference from an enquiry. This provides scholars or scientists a way to evaluate and draw their inferences of parameters with for example, population and samples in their different projects. Now, comparison is not the only function there is also the formulation and testing of the hypothesis and this is very important as well. Statistics helps develop new theories by examining the truth, it helps innovate new ideas.
For example, many administrators, economist and scientist amongst more use statistics to help formulate policies, plans and programs by using and analyzing data and this data helps as well to forecast trends and tendencies. It also allows to predict the variable and values of the future. For example, an entrepreneur can forecast the projections of his sales basing it on the present demand and his experiences with the sale in his past. Also, by using the evidence presented in a simplified form with statistics and

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