7 Excellent Reasons Why Statistics Are Important - Statswork
Harry is a pizza shop owner, and he’s perplexed to prefer a better location among two locations that he already shortlisted. He created up his mind to conduct a study to opt for the quintessential area. Location A is narrow, and he notices that there’s a high school two blocks away, some business offices accessible, and a Laundromat not far away. Location B is more extensive and next to a market with some business offices scattered around the space, amidst many vacant tons. If you were Harry, which might you choose? Mark Twain once quoted, “FACTS ARE STUBBORN THINGS, BUT STATISTICS ARE PLIABLE.” You are a statistician in many ways. Statistics is that the technique of conducting a study of a couple of specific topics by aggregation, organizing, decoding, and eventually presenting data. Statistics are used to analyze what’s happening within the world around us. In this data-driven world, all activities of ours are monitored by someone else every time. Statist...