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The importance of statistics

Keywords ; Why the need of statistics,The importance of statistics It is obvious that society can’t be run effectively on the basis of hunches or trial and error, and that in business and economics much depends on the correct analysis of numerical information. Decisions based on data will provide better results than those based on intuition or gut feelings. What applies to this wider world applies to undertaking research into the wider world. And learning to use statistics in your studies will have a wider benefit than helping you towards a qualification. Once you have mastered the language and some of the techniques in order to make sense of your investigation, you will have supplied yourself with a knowledge and understanding that will enable you to cope with the information you will encounter in your everyday life. Statistical thinking permeates all social interaction. For example, take these statements: Ø   ‘The earlier you start thinking about the topic of your