Ask Question, Ask an Expert

+61-413 786 465

Ask Applied Statistics Expert

Applied Statistics: Statistics is the study of the data, and how it can be analyzed, collected and presented in order to answer the questions pertaining to world around us.  Impact of the statistics profoundly affects the society today. Statistical survey results, tables and the language of probability are used with increasing the frequency by media. Improvements in the computer technology make it easier than ever to use the statistical methods and to manipulate the massive amounts of data.

Statistics has a strong influence on the social sciences, engineering, physical sciences, industry and business.  A statistician often finds that a career in the field of statistics not only requires the knowledge of statistics, but also the knowledge about the field generating question of interest. Common fields of application include the business, economics, demography, environmental science, engineering, geography, psychology, the health sciences and sociology, among others.

The applied statistics minor utilizes an interdisciplinary standpoint to develop student's ability to perform the statistical analysis. This minor will prepare students to analyze the data in their professional work. In addition, it will also provide the background for those students who intend to pursue the work in applied disciplines.

The applied statistics includes the application of statistical me' and the techniques to the problems and the facts as they exist. Applied statistics is classified into two parts (a) Descriptive (b) Scientific.

(a) Descriptive Statistics:

Descriptive measures are used to characterize of the figures on Industrial output, agricultural output or population growth are the instances of the descriptive study. For example, the production statistics explain the nature and the volume of production trends in diverse years. Likewise, statistics for prices and wages are the useful in framing the policies in country.

(b) Scientific Statistics:

Scientific statistics are involved in making the forecasts, estimation or judgments. With the help of the statistical data, validity of the certain laws can be correctly recognized.

Importance of Statistics in Different Fields

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

(1) Business:

It plays an important role in the business. A successful businessman must be very accurate and quick in the decision making. He knows very well that what his customers needs, he should therefore; know what to manufacture and sell and in what quantities. Statistics helps the businessman to plan production according to taste of costumers, quality of the products can also be checked more efficiently by using the statistical methods. So all the activities of a businessman based on the statistical information. He can make accurate the decision about the location of  the business, marketing of products, the financial resources etc.

(2) In Economics:

It plays an important role in the economics field. Economics largely depends upon the statistics. National income accounts are multipurpose indicators for administrators and economists. Statistical methods are used for the preparation of these accounts. In economics research statistical methods are used for the analysis and collecting the data and testing hypothesis. The relationship between the supply and the demands is studies by the statistical methods, inflation rate, imports and exports, per capita income are the problems which require the good knowledge of statistics.

(3) In Mathematics:

Statistical plays a innermost role in almost all the natural and social sciences. The methods of natural sciences are most consistent but the conclusions draw from them is only feasible, because they are based on the incomplete evidence. The Statistical helps in describing these measurements more precisely. Statistics is the branch of applied mathematics. The large number of statistical methods like dispersions, estimation, probability averages etc. is used in the mathematics and different techniques of the pure mathematics like differentiation, integration and algebra are used in the statistics.

(4) In State Management or Administration:

Statistics is important for a country. The different policies of the government are based on statistics. The Statistical data are now broadly used in taking all the administrative decisions. Suppose if the government wants to modify the pay scales of the employees in view of an increase in living cost, the statistical methods will be used to determine the rise in cost of living. Preparation of the federal and the provincial government budgets mainly depends upon the statistics because it helps in estimating the predictable expenditures and income from the different sources. Thus statistics are the eyes of administration of the state.


Mywordsolution offers you exactly you need in your Applied Statistics courses if you think that you cannot cope with all the complexities of Applied Statistics. Our team of dedicated Applied Statistics specialists, who have been worked in the Applied Statistics field for a long time, can offer UK, US, Australian, Canadian and word wide students their help in tackling what their Applied Statistics homework and assignment has to offer them. You just need to specify what kind of Applied Statistics assignment help you want and what your deadlines are. Once you are done with submission of your Applied Statistics  requirement, our specialists or experts will get back on the job, while at the same time promising things like:

  • Research relevant to your area 
  • The best prices    
  • Time on Delivery 
  • Plagiarism free Answers
  • 24x7 Supports
  • End Customer Satisfaction

In addition, the facilitates you to search and find the solution for Applied Statistics questions, or Applied Statistics textbooks problems. You can search the questions in Applied Statistics solution library and download the answers in just little pay of the service.

Statistics,Applied Statistics

Recent Applied Statistics Questions

The scientific method assessment task - data analysis

The Scientific Method Assessment Task - Data Analysis Assignment QUESTION 1 - Single-factor experiments Use Minitab for this question. The data in Q1 tab of 60902_AssessmentTask3Data_Spring2018.xlsx records blood cholest ...

Part a -question 1 - true or false in data collection the

Part A - Question 1 - True or False: In data collection, the most common technique to ensure proper representation of the population is to use a random sample. True False Question 2 - Most analysts focus on the cost of H ...

Quantitative methods in health statistical analysis report

Quantitative Methods in Health Statistical Analysis Report - Question 1 - Are you a Lark or an Owl? Studies indicate that about 10% of us are morning people (Larks) while 20% are evening people (Owls) and the rest are no ...

Applied statistics - regression assignmentin this

Applied Statistics - Regression Assignment In this assignment you are expected to set up a regression equation, run that regression and interpret and evaluate the results. You will need to carefully state all null hypoth ...

Assessment - analytical reportobjectives - this assessment

Assessment - Analytical Report Objectives - This assessment addresses Unit Learning Outcomes: Discriminate the most appropriate descriptive and inferential statistics to use in a given health context, Analyse health data ...

Go to the website of ahrqs website titled advances in

Go to the website of AHRQ's website titled Advances in Patient Safety: From Research to Implementation located in the Webliography and select a specific research article. Bring back to the class, at minimum, the followin ...

As the him member of your research team you are preparing

As the HIM member of your research team, you are preparing for a clinical trial study involving human subjects. The research would track two possible mutually exclusive outcomes, such as survive/did not survive, yes/no, ...

Statistics for business decisions assignment assignment 1

Statistics for Business Decisions Assignment Assignment 1 - QUESTION 1 - Time Series Regression The table below presents the number of students attending Statistics lectures in weeks 1 to 10. Week Number of students 1 90 ...

Business data analysis facts from figures assignment

BUSINESS DATA ANALYSIS: FACTS FROM FIGURES Assignment - Question 1 - Private capital expenditure for 12 successive quarters are presented in the following table: Quarter Millions 1 31,920 2 25,120 3 30,350 4 24,650 5 30, ...

Business data analysis facts from figures assignment

BUSINESS DATA ANALYSIS: FACTS FROM FIGURES Assignment - Question 1 - Private capital expenditure for 12 successive quarters are presented in the following table: Quarter Millions     1 31,920 2 25,120 3 30,350 4 24,650 5 ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As