1.
Statistics and
Business.
Statistics plays an important role in
business. It helps the business to plan production according to the tastes to
plan production according to the quality of products is checked by using
statistical methods. It also enables the businessman to judge the efficiency
of new production methods by studying the relationship between costs and the
methods of production.
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2.
Statistics and Banking
Statistics plays a vital role in the
field of banking providing up to date knowledge statistics, by giving
information about calls for withdrawals helps bankers to know how much idle
money will be left with them which they can lend and earn profit.
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3.
Statistics and
Insurance.
Statistics plays an important role in
the field of insurance. i.e. the insurance companies fix the rates of premium
on the basis of estimated interest rates for the future and the mortality
experience is the past statistical date are used to find the death rates in
the past and the state methods are used to estimate the rate of interest for
coming times.
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4.
Statistics and
Mathematics.
All statistical methods have their
foundations in mathematics. No calculation work can be done without using
mathematics. That is why mathematics is widely used in statistics. The branch
of statistics relating to mathematics is known as mathematical statistics.
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5.
Statistics and
Physics and Chemistry.
Physics have developed their own
stat-methods like ‘Quantum Statistics’ has given new idea to the qualities of
laws of nature.
Statistical concepts are widely used
in some modern chemical theories. In newly developed science of Bio-Physics
and Bio-Chemistry, we are required the measurement to check the variability
of material. Stat- methods are used to analysis the experimental results and
test their significance.
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6.
Statistics and Astronomy.
Astronomers
made use of statistics in 16th century. They applied it to compile
records regarding the motion of heavenly bodies for the predictions of
eclipses and positions of stars.
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7.
Statistics and
Meteorology
In meteorology statistical principle
and methods are used in weather forecasting. Meteorologists have to called
and analyze data which are complex in nature and are affected by some un
control able factors. Use of some stat techniques help in saying something
about the future events.
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8.
Statistics and Biology.
Stat-methods are widely used in
Biology for the measurement of living organisms like human beings animals,
plants etc. important branch of Biology, Genetics seeks to explain the
resemblances and differences among organisms due to their descent
stat-methods.
In medical field stat- methods enable
us to test the effectiveness of different treatments and medicines.
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9.
Statistics and
Economics.
Stat-data and stat-methods help to
study the economics problems and provide valuable solutions to these
problems. They also help the policy-makers to formulate the economic
policies. It is statistics which provides a systematic study of markets, law
of prices based on supply and demand etc.
In economic research stat-methods are
used for collecting, analysis the data and testing the hypothesis.
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10.
Statistics and Sociology.
In sociology, statistics is used to
collect data on various aspects of society and stat-methods are used in
analyzing data interpreting the results. e.g. in population censuses data on
economics and social status of the people are collected social surveys are
conducted to find the state of unemployment housing facilities, causes of
crimes, children problems etc. statistical methods are used at every stage.
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11.
Statistics and
Psychology.
Statistics plays an important role in
Psychology and education.
In experimental Psychology a problem
is situated by using a sample. A good sample is selected with the help of
statistics. Stat-methods are used to analyze the experimental data and to
draw valid conclusion from it.
In applied Psychology, various tests
are conducted to measure the intelligence and the aptitudes for various jobs
and assignments, stat-methods are used of test the reliability of such tests.
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12.
Statistics and
Policies.
All government policies are based on
statistical information.
Example.
In order to decide how many new
schools and colleges should be opened data about school and college going
population and the number of schools and colleges already working and the
trend in the growth of population and towards education are necessary. Thus
statistics are the back bone of government Policies.
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13.
Statistics and
Agriculture
Statistical methods help to study the
comparison of various variables seed or fertilizers. Many agricultural
problem solved by applying some suitable statistical technique.
Agricultural statistics are also help
to make proper planning and for meeting future food requirements.
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14.
Statistics and
Administration.
Statistics plays a useful role in the
field of administration. A modern administrator whether in public or private
sectors mostly depends upon statistical data. Preparation of budget is
impossible without statistical records.
In Pakistan all the ministries and
Govt. departments depends on statistical data in performing sound and
effective planning.
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15.
Planning.
Statistics is essential for planning.
All planning is based on information which is statistical in nature. Moreover
the objects and target of planning are to be stated in numbers which are
statistical in nature.
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Tuesday, 25 October 2016
Importance of Statistics in Diff, Fields
Limitations of Statistics, Importance of Statistics in different fields.
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Limitations of Statistics
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1.
Statistical laws true on an
average only.
2.
Statistical does not deal with
qualitative phenomenon.
3.
Statistics does not deal with
heterogeneous data.
4.
Statistics deal with aggregates.
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Importance of Statistics in different
fields.
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Statistical plays an important role in
almost every field of human activity. There is hardly any field where we can
do without statistics.
Due to importance of statistics
cleared with the help of following discussion.
1.
Statistics
and Business. تجارت
2. Statistics and Banking.بنک
3.
Statistics
and Insurance. بیمہ سازی
4.
Statistics
and Mathematics. ریاضی
5.
Statistics
and Physics and Chemistry. طبیعات اور فزکس
6.
Statistics
and Astronomy.علم
فلکیات
7.
Statistics
and Meteorology.موسمیات
8. Statistics and Biology.حیاتیات
9.
Statistics
and Economics. معاشیات
10.
Statistics
and Psychology. نفسیات
11.
Statistics
and Sociology.عمرانیات
12.
Statistics
and Policies.سرکاری
پالیسی
13.
Statistics
and Agriculture. ذراعت
14.
Statistics
and Administration.انتظامیہ
15.
Planning منصوبہ
بندی
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CHARACTERISTICS OF STATISTICS
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CHARACTERISTICS OF STATISTICS
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1.
Statistics are numerically
expressed.
2.
Statistics are aggregate of
facts. A single fact like a single birth or a single accident cannot be
called statistics. A collection of facts like marks of all the students of a
class will be called statistics.
3.
Statistics deals with the same
kind of observation i.e. homogenous not with the heterogeneous.
4.
Statistics deals with variable
not with constant.
5.
Statistics are numerically
expressed qualitative expression like poor, good, etc. are not statistics.
6.
Statistical laws are valid on the
averages or in the long run.
7.
The price of goods are affected
by the supply and demand conditions, Height of individuals are affected by
the height of their parents, climatic conditions of a country, nature of
diet.
8.
Statistics test the laws of other
science.
9.
Statistic are collected in a
systematic manner collection in haphazard manner cannot be accurate.
10.
The ages of husbands and their
wives at the time of marriage are comparable and can placed in relation to
each other. On the other hand, the heights of a person with their monthly
incomes have no relation with each other.
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Dr. Syed Nadeem Hussain Qureshi Hashmi
Cell # 0300-7189697