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Showing posts with the label benefits of Statistics

STORY TELLING WITH STATISTICS

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  As fascinating as numbers are to some people, they appear as nightmares to many . Before a mathematics or statistics exam or before presenting something with statistical analysis we often become anxious which makes it all messed up for us, messing all our hard work and preparations. But are numbers really that scary? Is statistics that scary? Or is statistics just scary numbers? Let me tell you what, statistics is not just numbers but ‘story telling numbers.’ This is the magical power that statistics possess. Numbers by themselves are just numbers that we have already learnt in our prep days, but statistics provides voice to those numbers so that they can tell their own stories.   We are all well acquainted with the story that we often make fun of while exaggerating them a bit- Our fathers' famous tale about how they have climbed mountains, swam across oceans, walked through deserts to reach their schools. As over overexaggerated those stories are they are something we remem...

WHY STATISTICS?

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What does Statistics do?  Statistics is a way which helps us to make decisions, predictions and interpretations. Why Statistics? "Why Statistics? I got it , I am a born Statistician and that much is necessary for my daily life, why do I need to know Statistics or anybody else should?" Have these questions ever stuck your mind? Have you ever questioned this when you see all this craze about data scientist, data analyst, statistical analyst etc.? Well I am not going to tell you the scopes of Statistics, well let's say it is a huge topic. Statistics is hidden everywhere. It is like that mom's touches of perfection in all your initial creation or like the sun ray silently making the moon bright. Hidden and very important. Anyways, we shall discuss that another time.  But today we shall discuss why each one of us needs to know the basic statistics. Statistics provides voice to numbers and helps them to tell their stories. It gives us an insight to see our prob...