Statistical plays a central role in almost all natural and social sciences.

The methods of natural sciences are most reliable but

conclusions draw from them are only probable, because they are based on incomplete evidence. Statistical helps in describing these
measurements more precisely. Statistics is branch of applied mathematics. The large number of statistical methods like probability
averages, dispersions, estimation etc… is used in mathematics and different techniques of pure mathematics like integration,
differentiation and algebra are used in statistics.   

Importance of Statistics in Different Fields

Statistics plays a vital role in every fields of human activity. Statistics has important role in determining the existing position of per capita income,
unemployment, population growth rate, housing, schooling medical facilities etc…in a country. Now statistics holds a central position in almost
every field like Industry, Commerce, Trade, Physics, Chemistry, Economics, Mathematics, Biology, Botany, Psychology, Astronomy etc…, so
application of statistics is very wide. Now we discuss some important fields in which statistics is commonly applied

Statistics has come to play an important role in almost every field of life and human activity. There is hardly any field where
statistical data or statistical methods are used for one purpose or the other our arrival in this world and departure from here are
recorded as statistical data

somewhere and in same form.

Statistics plays an important role in business, because it provides the quantitative basis for arriving at decisions in all matters. All

types of banks make use of statistics for a number of purposes. Statistics has proved to be of immense use in physics and

chemistry. It has given a new understanding to the essential qualities of the laws of nature.

Statistics plays an important in psychology and education. In experimental psychology, whenever a problem has to be studied, it

has to be based on a sample. Statistical methods are also used in analyzing the experimental data and drawing conclusions there

from.

We have seen that statistics now holds a central position in almost every field and the importance of statistics is increaIn today's

world we are faced with situations everyday where statistics can be applied. Statistics can be used to determine the

potential outcome of thousands of things where the human mind alone wouldn't be able to.

 Statistics benefits all of us because we are able to predict the future based on data we have previously
gathered. Being able to predict the future not only changes our lifestyle but also helps us be more efficient
and effective.

With statistics we can determine how we will live a year from now, ten years from now, and so on. This is
important because if we didn't have data from the past to look upon, we wouldn't be able to prolong our
existence by avoiding recurring climate changes like hurricanes and tsunamis and such. Things like these
make our lives easier and help us make educated decisions based on what we already know because of
statistics. A good example is that based on data we have gathered from the past, we know that it is
extremely likely that in specific parts of the world it will snow during winter and because we know this, we
can prepare by having warm clothes ready and the proper equipment to deal with the snow. sing day by
day.