Statistics plays a vital role in every fields of human activity.statistics has important role in determining the existing position of per capita income uncemployment 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,chemestry,Economics,Mathematics,Biology,Botany,psychology,Astronomy etc ... so aplication of statistics is very wid.Now I am going to tell you that some important fields in which statistics is commonly applied.
1)Bussiness
Statistics play an important role in bussiness. A successful bussinesman must be very quick and accurate in decision making.He knows that what his customers wants,ge should therefore,know what to produce and sell i what quantitie;statistics helps bussinesman to plab producation according to the test of the customers,the quality of the products can also ve checked more efficiently by using statisticscal methodes.So all the activities of the bussinesman based on statisticscal information.He can make correct decision about the location of business,marketing of the products,financial resources etc..
2)Economics
Economics largely depends upon statisticscal.National income accounts are multipurpose indicators for the economists and administrators.statiscal methodes are used for preparation of these accounts.In economics research statisticscal methode are used for collecting and analysis the data and testing hypothesis.The relationship between supply and demands is studies by statisticscal methodes,the important and export,the inflation rate,the per capita income are the problems which require and exports,the inflation rate,the per capita income are the problems which require good knowledge of statistics.
03)Banking
Statistics play an important role in banking.The banks make use of statistics for a number of purpose.The banks work on the principle that all the peaople who deposit their mony with the banks don't withdraw it at the same time.The banks earn the profits out of these deposit by lending to othe on interest.The bankers use statisticscal approaches based on probability to estimate the numbes of depositors and their claims for a certain day
04)Administration
Statistics is essential fira country.Different policies of the goverment are based on statistics.statisticscal data are now widely used in taking all administrative decisions.suppose if the goverment wants to revise the pay scales of employees in view of an increase in the living cost,statisticscal methodes will be used to determine the rise in th cost of living,preparation of ferdaral and provincial government budget mainly depends upon statistics becouse it helps in estimateing the expected expenditures and revenue from different sources.so statistics are the eyes of the administration of the state.
05).Accounting and Auditing
Accounting is impossible without exactness.But for decision making purpose, so much precision is not essential the decision may be taken on the basis of approximation.know as statistics.The correction of the values of current asserts is made on the basis of the purchasing power of mony or the current value of it.In auditing sampling thechniques are commonly used.An auditor determines the sample size of the book to be audited on the basis of error.
06)Natural and social Science
Statistics plays a vital role in almost all the natural and social sciences.statisticscal methods are commonly used for analyzing the experiments results,testing their significanse in biology ,physics ,chemestry ,Mathematics ,Meteorology Research chambers of commerce ,sociology ,Business ,publuc Administration ,communication and infromation Technology .etc.....
