Importance Of Statistics
Statistics are required in almost every field, and students continue their careers because they see a good future here.
Statistics is a part of applied mathematics. A wide range of statistical techniques is applied in mathematics, such as probability distributions, estimation, dispersions, etc.
Statistics plays an important role in economics. The economy relies mainly on statistics. The statistical methods are used to gather and analyze the material in economics.
It also helps in patterns and variations, developments and adjustments in costs for consumers, demand fluctuations and variations for consumers, etc.
It's not possible to run bank services without the help of statistics. Statistics techniques are used to operate the regular operation of the banks.
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