Functions of statistics

Various Functions of Statistics

We find today that there is hardly a phase of human activity which does not find statistical techniques useful. The ever growing usefulness of Statistics is due to the functions it performs. Some of the most important functions of Statistics are

(i) The complex mass of data are made simple and understandabtle with the help of statistical 'methods,

(ii) To interpret the various characterstics of data, classification is done by the application of improved techniques of Statistics.

(iii) To study-relationship between two or more phenomena statistical methods are used.

(iv) Statistics provides various informations in analysis of data that enlarges individual experience.

(v) Statistics helps in formulating policies in different fields.

(vi) Statistical methods are highly useful tools in analysing the past data and predicting future trends.

(vii) Statistics helps us to arrive at any correct and dependable conslusion.

(viii) Statistics helps in decision making in the face or uncertainity.

(ix) The correctness of the laws of the different branches of knowledge can only be tested with the help of Statistics.

(x) One important function of Statistics is to provide techniques for making comparisons.

Reference Link: Expertsmind.com

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