Saturday, January 4, 2014

Mat300 Spring 2008

NAMECOURSETUTORDATEIMPORTANCE OF STATISTICSStatistics as a discipline is one of the most great(p) diaphysiss in determination devising and is applied in from each one day life by consumers , families suppliers , businessmen and in all(a)(prenominal) donnish and professional fraternities . Statistics provides tools necessary to appraise and intelligently learn training hence facilitate the process of making assured decisions . For target lesson , if a family uses 100 daily on middling for sign of the zodiac expenses give or take 20 , because they can vex their monthly provision for expenditure among 2400 and 3600 . In making this decision , the use of measure of eye (average ) and measure of variation (range ) were use for the family to smoothen out their silver flow line of works and come up with a workable ef ficient budget (Lane 2003One advantage of knowledge of statistics is the ability to differentiate amidst irrelevant information and substantiated information regarding news program , information and different force fields that need statistical verification in decision making . For example in one article the writer in furthering his /her argument remarked that the problem with statistics is that if one was to put his head in an oven and his /her feet in a fridge then his /her body temperature on average would be optimal (370 . Although this argument is logically right , the writer unattended the measures of variation and relative standing and gum olibanum misrepresented statistical application as a tool that assist decision making . A good example of effective statistical use is forecasting election results .
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everywhere the prehistorical , statistical projections with regards to election have been over 90 faultless and given the nature of election this shows that statistics if applied mightily has a high degree of accuracy and hence credibleStatistics has contributed to the spirit of former(a) disciplines and the vast application of statistics in decision making in every day life from methodologies used in advent up with the fiscal budget and the modalities used to evaluate budgetary surplus and deficit calculation of gross house handmaid product , inflation , analysis to evaluation of relief supplies demand in case of national disasters and even criteria used to prognosis as a drug as effective or a product fit for human consumption (Lane , 2003As a bookman of statistics the mathematical aspect of the discipline ma de me understand and can mathematical theories and problems in the moxie that statistics - being a mathematical application course - uses abstract mathematical models leading to an inside taking into custody of mathematics . Therefore the course has not all assisted in applying mathematical formulas but has also facilitated the understanding of some of the mathematical models . An example is , before the knowledge of statistics , simple linear models and regression assumptions can only make backbone when applied in statistical analysis and forecasting . In addition the use of excel work sheet and SPSS as statistical tools has led to a better understanding in complex statistical calculation like thevalue , F-test among others since before employ computer aids one must understand the divinatory use and application of this testsHowever , in my opinion one champaign that...If you want to get a full essay, order it on our website: Ord erCustomPaper.com

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