What is the Value of Studying Statistics ? http ://www.youtube.com/watch?v=9QBv2CFTSWU&feature=player_embedded. So, what is the value of studying statistics?. It provides a way of seeing information that may be hidden in the details of very large numbers.
U.S. unemployment rate = 9.6% in August, 2010; 12.6% for Los Angeles County, 14.2% for San Bernardino County, 15.3% for Riverside county
Why it will take a while for recovery, despite decreases in the unemploymnet rate.
California unemployment rate = 12.1% in July 2009.
Before agreeing to work an extra 10 hours per week for extra spending money and replacing 10 hours of studying, compare the hourly pay of the job with the lifetime value of studying.
$8/ hour x 10 hours = $80
$555/hour x 10 hours = $5,550