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**Statistics play an important role in research of almost any kind because they deal with easily-quantified data.** When working in fields such as science or medicine, trials are needed, and experimental data has to be collected and analyzed. The study of statistics enables researchers to look at a large set of data and condense it into meaningful information.

Key aspects of statistics include finding averages/means, determining outliers on either end of a bell curve, and finding the range of quantities for set points. Also, statisticians make use of representative samples with proportionate demographics to determine factors that could affect a whole population. For example, a researcher might look for the average percentage of people who buy a particular medication, then compare it to people who reported side effects after taking that medication. This would be used to determine the likelihood of suffering harmful side effects.

In addition to collecting and analyzing data, researchers use their skills in statistics and/or public speaking to present data in such a way as to elicit a specific response from the intended audience. The use of different types of charts or graphs makes the presentation of information more palatable and understandable for laypeople and professionals alike.

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## What are the advantages of parametric statistics?

A:Parametric statistics makes it easier to analyze and describe data with central tendencies and data transformations, according to University of Leicester. The use of parametric statistics versus nonparametric statistics depends on the type of data.

Full Answer >Filed Under: - Q:
## Why are statistics important?

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Full Answer >**Experts 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.Filed Under: - Q:
## What is the importance of statistics in economics?

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Full Answer >**Statistics are a methodology necessary in the field of statistics and are used to collect, analyze and evaluate data.**Economics depends heavily on the use of statistics.Filed Under: - Q:
## What is the purpose of inferential statistics?

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Full Answer >**Inferential statistics is a branch of statistics that can be used when researchers and mathematicians want to attempt to extrapolate on and reach conclusions that extend beyond the raw data itself.**While a study only uses a small sample of the total population it is studying, inferential statistics can be used to attempt to estimate traits and thought patterns of behavior among the population as a whole.Filed Under: