The purpose of statistics is to allow sets of data to be compared so that analysts can look for meaningful trends and changes. Analysts review the data so that they can reach conclusions regarding its meaning. Statistics allow people to see how things are or are not correlated and how a change in one variable might affect another.
Know MoreStatistics are used by marketing firms, companies that delve in the financial world, researchers, manufacturing organizations and government groups. Without statistics, the numerical information collected is useless. A goal of statistics is to find meaning in the provided data and determine what variations are meaningful and which ones occur merely by chance.
Learn more about StatisticsExperts use statistics to understand large and complex sets of data. Statistics are also helpful with surveys, which legislators use to affect policy. Knowing how statistics work is important for fully understanding news reports.
Full Answer >In statistics, Mu stands for the mean of a series of numbers. The mean can also be described as the average of the numbers.
Full Answer >According to the Congressional Coalition of Adoption Institute, adoption is a vital alternative to placing children in the care of a state institution. They offer a number of statistics concerning adoption and why it is very important for the children being adopted.
Full Answer >Sir Ronald Aylmer Fisher, a British statistician, is considered by many to be the father of the modern science of statistics. The Danish statistician Anders Hald recognized him as a genius who built the foundations for modern statistical science, according to Wikipedia.
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