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Uses of Statistics

Uses of Statistics. What is Statistics?. Statistics has 2 aspects Information in quantitative form i.e. the numbers themselves. The branch of science dealings with the collection, summarisation, analysis and interpretation of numerical data. Major Categories of Statistics.

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Uses of Statistics

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  1. Uses of Statistics

  2. What is Statistics? • Statistics has 2 aspects • Information in quantitative form i.e. the numbers themselves. • The branch of science dealings with the collection, summarisation, analysis and interpretation of numerical data.

  3. Major Categories of Statistics • Two major categories : • Social Statistics • Economic Statistics

  4. Major types of Social Statistics Population Housing Family Employment Income Law and order Education Health Culture and recreation Social welfare

  5. Major types of Economic Statistics • Labour and wages • External trade • Prices • Economic structure and performance of various economic sectors • Tourism • Money, banking and finance • National income

  6. Uses of Statistics Education Research Social Services Human Resource Planning Investment Management Marketing Land/Housing Development

  7. Uses of Statistics • Enable users to study and understand the social and economic situation in a more concrete and quantifiable manner • Used bygovernment in planning and administration • Used by businesses in marketing and making investment decision • Used by the general public in studying and discussing social and economic conditions in a scientific manner

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