Statistics: An Essay on its Use in Everyday Life Term Paper by Rye
Statistics: An Essay on its Use in Everyday Life
This paper defines statistics and shows the numerous ways statistics is applied to everyday life and why it is useful.
# 1435
| 1,500 words
| 9 sources
| 2001
| 
Published
on Feb 17, 2003
in
Business
(Statistics)
, Economics
(Econometrics)
, Mathematics
(General)
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From the Paper:
"Statistics is a branch of mathematics dealing with the collection, organization and analysis of numerical data the application of this information to make informed decisions in a variety of applications. Statistical results may be used to forecast business trends, define the extent of prevailing opinion throughout a given population, changes in availability of resources or assets, and provide quantifiable answers to questions in almost every type of business, social or political area. (Encarta) Professor Edwards of the Andover Theological Seminary defined statistics as "the ascertaining and bringing together of those facts which are fitted to illustrate the conditions and prospects of society.""Cite this Term Paper:
APA Format
Statistics: An Essay on its Use in Everyday Life (2003, February 17)
Retrieved September 25, 2023, from https://www.academon.com/term-paper/statistics-an-essay-on-its-use-in-everyday-life-1435/
MLA Format
"Statistics: An Essay on its Use in Everyday Life" 17 February 2003.
Web. 25 September. 2023. <https://www.academon.com/term-paper/statistics-an-essay-on-its-use-in-everyday-life-1435/>