Discuss the two important functions of statistics. Why are statistics estimates versus actual population parameters?
Instructions
Discuss the two important functions of statistics. Why are statistics estimates versus actual population parameters?
Answer
Discuss the two important functions of statisticsPresentation of facts in a definite form; Figures assist us in denoting things in their true form. In the absence of statistical research, the concepts would be unclear and indeterminate. Thus, it would be difficult to explain facts without proof or evidence of what you are saying. Statistics help us in such situations. The facts are supposed to be specified in a definite form. Results that are given in the form of numbers are more convincing and considered factual than the results articulated on the foundation of quality. For example, if one suggests that the rate of unemployment is high or the population increase or decrease is happening at a faster rate, the statement may not be believed because they are not indefinite form. They should b...
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