Importance and Relevance of Statistics in Your Life The purpose of this week's discussion topic is...

50.1K

Verified Solution

Question

Advance Math

Importance and Relevance of Statistics in Your Life
The purpose of this week's discussion topic is to get youthinking about the importance and relevance of statistics in yourprofessional and/or personal life. Please answer the followingthree questions.
How do you use statistics in your life either at work or forpleasure?
Can statistics be manipulated for those who really understandthe subject matter? If so, how? If not, why not?
Has anyone misled you using statistics?

Answer & Explanation Solved by verified expert

3.6 Ratings (551 Votes)

Q How do you use statistics in your life either at work or for pleasure Ans In our work every minute we make on our businesses In our business decision making statistics is very useful in determining whether some companies will getprofit and growth or whether they will get loss and die after analysising business dataThese decisions are made on the basis of data obtained from the market economic or finance Statistics provides the tool and methods through which such data are analyzed and presented to obtained meaningfuldecision regarding to our business We get See Answer

Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:

Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!

Become a Member