IMPORTANCE OF STATISTICS
Statistics is a mathematical science that deals with collection, organization, analysis,
presentation, and interpretation of data. Statistics is used in almost every field of human life be it
in science, industries, banking and even on our day to day social problems (Olhede, 47). In
science, statistics has a wide range of applications from testing the independent and random
variable in an experiment to testing the effectiveness of treatment of plants using statistical
designs such as PBIB and BIB designs. Karl Pearson puts it best by saying ‘statistics is the
grammar of science’ (Htoon, 217).
Role of statistics in the modern world
We live in an information world, and most of the information we get needs to be
determined mathematically. Statistics is used in the determination of these mathematical
equations. For example, computer models used in weather forecasting are built on statistical
concepts. They work on the premise that is comparing prior weather to current weather; they can
predict future weather conditions. Also, researchers, as well as meteorologis...