The importance is you can determine how many people are going to have sex with each other
what is the importance of statistics?
importance of statistics for an economist
Statistics play an important role in economics. Economics largely depends upon statistics. National income accounts are multipurpose indicators for the economists and administrators. Statistical methods are used for preparation of these accounts. In economics research statistical methods are used for collecting and analysis the data and testing hypothesis. The relationship between supply and demands is studies by statistical methods, the imports and exports, the inflation rate, the per capita income are the problems which require good knowledge of statistics.
importance of basic statistics
importance of statistics in trade
what are the importance of statistics to welding
Well...all the importance. every structural design, every safety factor, every hidrologycal analysis, every mechanical analysis, everything, even the materials used are based on statistics. The results gotten from the analysis are projected to other conditions, and the probability of them to interact together (for example, earthquake, wind and max load. Or having the highest flow and rain)
appraise the importance of statistics to human activities
importance of statistics in field of economics
economists follow the country's GDP and other key statistics to predict business cycles.
Importance of statistics in geographical studies
ai want to know the importance of statistics in nigeria