Answer to Question #125328 in Statistics and Probability for Hagan

Question

In your view what is Statistics? And how is it important to you in your area of expertise.

Answer 1

• Statistics are defined as numerical data, and is the field of math that deals with the collection, tabulation and interpretation of numerical data. They  are the sets of mathematical equations that we used to analyze the things. It keeps us informed about, what is happening in the world around us. Statistics are important because today we live in the information world and much of this information's are determined mathematically by Statistics help.