Knowledge updating is a never ending process. The subject of statistics as it seems is not a new discipline but it as old as the human society itself. It origin can be traced to the old days when it was regarded the science of state craft and was the by-product of the administrative activity of the state. The word Statistics seems to have derived from the word status or statista.
The theoretical development of the so-called modern statistics came during the mid-seventeenth century with the introduction of ‘Theory of Probability’ and ‘Theory of Games and Chance. The chief contributors being mathematicians and gamblers of various countries. Statistics has been defined differently by different authors from time to time. The reasons for a variety of definitions are primarily two. First in modern times the field of utility of statistics has widened considerably.
Statistics Homework help and Statistics Tutoring has gained valuable importance now a days. Statistics is indispensable to planning and which is termed as the age of planning. Statistics is intimately related to and essentially dependent upon Mathematics. Statistics is a branch of Mathematics which specializes in data.
Statistics and Economics are also inter-related to each other. Statistical tools like Index numbers, Time series analysis, demand analysis and forecasting techniques are used for efficient planning and economic development of a country.
Statistical Techniques have also been used widely by business organizations in:
(1) Marketing Decisions
(3) Personnel Administration
(4) Credit Policy
(5) Inventory Control
(6) Sales Control
Interesting Comments on Statistics:
“Statistics can prove anything”
“An ounce of truth will produce tons of Statistics”
“Figures do not lie. Liars figure”
Statistics Tutoring and Statistics Homework help is important to make sure we do all the problems more accurately and efficiently.
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