Preview

Purpose of Statistics

Satisfactory Essays
Open Document
Open Document
424 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Purpose of Statistics
Everywhere you go, everything you see, statistics is all around. I for one, did not realize how important and relevant statistics was in our everyday lives until taking this course. Everything is run by statistics; the kind of coffee available in Dunkin’ Donuts, the flavors of ice cream at Dairy Queen, and even the clothes we buy in stores. Statistics evaluates what works in our growing and complex society nowadays. All of these selections would not be available to us without the statistical backing that they will sell and that people enjoy them.
I actually play video games competitively and travel to competitions to win money. I pick and choose my teammates almost solely based on the statistics that are on the leaderboards. If they have a combination of a high-win loss ratio, high accuracy, and a high points per-match; then they must be a good addition to the team. Of course there are other factors such as communication and team chemistry, but these can be improved and worked on over time.
Statistics is also evident in school. When reflecting upon my passed academic endeavors, I’ve realized that everything is also based on statistics. Grade point average almost always determines what other colleges you can gain admittance to, as well as earning scholarships and awards. Also statisticaly evaluated at times is SAT scores. Through statistics students are placed in different group levels by their individual grades.
Even in sports statistics can be found. Baseball batters are evaluated based on their batting averages. There is even a slugging average which is different than batting average and determines how often they achieve extra-base hits.
In my major, statistics is also very important. I am a Psychology Major and in this area of studies, I will be dealing with a ton of studies which are all about statistical calculations and experiments. In this field they used Simple Random Sampling, probability sampling and convenience sampling. An

You May Also Find These Documents Helpful

  • Satisfactory Essays

    ITT Tech MA3110 Vocab 1

    • 539 Words
    • 3 Pages

    Statistics – the science of planning studies and experiments, obtaining data, and then organizing, summarizing, presenting, analyzing, interpreting, and drawing conclusions based on the data.…

    • 539 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    The objective of the course is to assist future managers in planning, executing and evaluating their business.…

    • 1213 Words
    • 5 Pages
    Good Essays
  • Better Essays

    Busn311 Unit 2 Ip

    • 1187 Words
    • 5 Pages

    There are several different ways that statistics and probability could be used in the real world. You could see this used in the horse races, the lottery, certain things in the stock market, also in marketing in a corporation.…

    • 1187 Words
    • 5 Pages
    Better Essays
  • Satisfactory Essays

    Statistics are a part of every day life. We encounter them in evaluating medical treatments, picking a retirement plan, interpreting political polls, and even in sports. In this class we will learn how to identify, understand, and use the statistics we encounter in everyday life and work. To that end we will discuss:…

    • 668 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Eco 372 Week 4 Assignment

    • 320 Words
    • 2 Pages

    Statistics is the second last strand of the Australian curriculum. It is paired with probability because of “the development that progressively links the two strands” (Australian Curriculum, 2016, para 5). In this area of mathematics I discovered the steps of statistical literacy skills (ABS, 2013, para 1). To confidently identify the statistical skills, I had to understand each step before moving onto the next. The steps were; ability to understand statistical concepts; ability to analyse, interpret and evaluate statistical information and finally, communicate statistical information and understandings. These new findings are explained in my WIKA (appendix k) for topic three. It explains how to correctly store the statistical data in the classroom such as using various graphs which relates to the situation.…

    • 320 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    Week 1 Qnt 351

    • 592 Words
    • 3 Pages

    Statistics is defined in Statistics for Business and Economics, as the science of data. Involves collecting, classifying, organizing, analyzing, and interpreting numerical information. Statistics is more than just looking at numbers, there is a process involved in obtaining the numerical information. Statistical thinking is helpful as well. This involves applying rational thought and the science of statistics to critically assess data and inferences. It is important to keep in mind that variations exist in populations and processed data.…

    • 592 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    TEAM REFLECTION WEEK 4

    • 707 Words
    • 3 Pages

    Statistics refers to the use of numerical information in everyday life to calculate facts and figures in limitless circumstances. In addition, statistics refers to the scientific collecting, classifying, summarizing, organizing, analyzing, and interpreting numerical data. The steps in testing a research hypothesis, to compare the means of two or more groups, and to calculate the correlation between two variables.…

    • 707 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Statistics is defined as the science of data, which involves capturing, analyzing, classifying, summarizing, organizing, and interpreting numerical data. Statistics are used in nearly every business, government, sports, and finance field. Statistics are the basis of how individuals collect data and make informed decisions based on fact, not hunches or emotion. Statistics have grown exponentially over the past 50 years from simple batting averages and gender demographics to an actual science used by businesses to predict trends and market growth.…

    • 534 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Lind, Marchal, and Wathen define statistics as “The science of collecting, organizing, presenting, analyzing, and interpreting data to assist in making more effective decisions (Lind, et al., 2011, p. 5). In statistics there…

    • 350 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    week 1 essay

    • 448 Words
    • 2 Pages

    Statistics is the science of data. It involves collecting, classifying, summarizing, organizing, analyzing, and interpreting numerical information, (Lind, Marchal, Wathen, 2011). This type of data can vary by the industry it is used in. In business it can be used to determine wages or the unemployment rate. This information is vital to inform potential companies to relocate into a given populated city.…

    • 448 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    STATS coursework is highly dependent on mathematics and problem solving skills. Often it is not enough to simply solve the problems. Instructors may expect advanced problem solving including:…

    • 562 Words
    • 3 Pages
    Satisfactory Essays
  • Better Essays

    "Statistics is a mathematical science pertaining to collection, analysis, interpretation and presentation of data" (Wikipedia contributors, 2006). Statistics are a valuable kind of information because they can provide data for making comparisons and determining trends. There are many uses for statistics, "but perhaps its most important purpose is to help us make good decisions about issues that involve uncertainty" (Bennett, Briggs, & Triola, 2003, p. 8).…

    • 1037 Words
    • 5 Pages
    Better Essays
  • Satisfactory Essays

    The Joy of Stats

    • 492 Words
    • 2 Pages

    Statistic can also be used in people’s daily life. The height of the women has a approx. normal distribution so we can predict the range of women’s height of a country. We can also find out the median and mean of the women’s height. Because we have statistic, people found out that smoking rate reflects the rate of cancer -- people have smoking hobbit tend to have more likely chance to get cancer.…

    • 492 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Pt1420 Unit 3 Assignment

    • 471 Words
    • 2 Pages

    Prior to assessing the curriculum for this course I anticipated the course would validate those perceptions and fears in the form of high level formulaic equations, and unfathomable theorems. To the contrary, statistics in part presents as a mechanism for analyzing a small sample of observations or a population in order to make sense of a broader slice of a particular group, population or system through the computation and numerical data. As comically articulated by Standard Deviants’ (n.d)., statistics appears to be more akin to a language test, as opposed to the structure, mythology and outcomes of a traditional math…

    • 471 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    assingment

    • 3130 Words
    • 17 Pages

    A statistician may keeps records of the number of hits a baseball player gets in a season.…

    • 3130 Words
    • 17 Pages
    Satisfactory Essays