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Explain the scope of Statistics?

Explain the scope of Statistics?
Statistics

    1 Answer

    1. Mike Johnson

      Mike Johnson

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      Scope of Statistics are given below

      1. Used In Business: scope of statistics plays a key role in the well-functioning of business organizations.
      2. Used In Economics: Economics and statistics are two interrelated terms and are used with one another. The two terms can’t be separated from each other.
      3. Used In State Administration: Statistics also includes information that is used by the government for its administrative activities.
      4. Used In Research Work: Statistics also includes the research work that requires statistics tools for doing the most activity.
      5. Used in Mathematics: Statistics is the part of mathematics. Statistical techniques that are the outcome of wide applications of mathematics.
      6. Used In Astronomy: Statistics use in Astronomy to measures the masses, size, distance, densities &, etc.
      7. Used In Banking: Banking is a big sector the and statistics are used to carrying out operations.

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