GROUP I

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ROLES OF
STATISTICS AND
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PROBABILITY

INTRODUCTION Add your idea here

 THESE ARE
Introduction of
THE Statistics and
Probability
EXPECTED
TOPICS THAT Roles of Statistics
and Probability
WE WILL BE
DISCUSSING
THROUGHOUT
THE REPORT.
WHAT IS STATISTICS?
 STATISTICS
• A branch that deals with every aspect of the data.
• It is concern with regards to the collection of data,
organisation, interpretation, analysis and data presentation.
• It is considered a mathematical science that works with
numerical data.
• A knowledge that helps to choose the proper method of
collecting the data and employ those samples in the correct
analysis process in order to effectively produce the results.
WHAT IS PROBABILITY?
 PROBABILITY
• It deals with predicting the
likelihood of future events, while
statistics involves the analysis of the
frequency of past events.
• It is primarily a theoretical branch
of mathematics, which studies the
consequences of mathematical
definitions.
• It is the branch of mathematics
concerning numerical descriptions of
how likely an event is to occur, or how
likely it is that a proposition is
true.
 DIFFERENTIATION

STATISTICS PROBABILITY

a branch of applied mathematics that

It is a number that reflects the chance
involves the collection, description,
or likelihood that a particular event
analysis, and inference of conclusions
will occur. Probabilities
from quantitative data.

It can be expressed as proportions

the discipline that concerns the
that range from 0 to 1, and they can
collection, organization, analysis,
also be expressed as percentages
interpretation, and presentation of
ranging from 0% to 100%.
data.
WHAT IS THE
ROLE OF
STATISTICS?
IN FACT...
statistical methods dominate the scientific research as they include
planning, designing, collecting data, analyzing, drawing meaningful
interpretation and reporting of research findings. Furthermore, the
results acquired from research project are meaningless raw data
unless analyzed with statistical tools.
EXAMPLES
PLANNING
Statistics is the base upon which the
structure of economic planning is
built. Economic planning is based on
quantitative information and data
relating to economic resources, price
rise, national income etc. You have
unlimited wants and limited resources
to satisfy them.
STATISTICS'
ROLE IN
PLANNING
 The importance of consumption, production, distribution
can be known from the available statistical data.
The success that a plan achieves is measured best by the use
of statistical methods.
Statistical data are used for knowing about the progress in
the techniques of production, the volume of production,
imports, exports and so on.
Planning involves the fixation of targets and priorities.
Targets which are fixed, have to be achieved within a specific
period of time. It will be possible only when data are
available.

Importance of statistics has increased

innovation to a larger extent.
Economic laws are more accurate due
to statistics.
Statistics is helpful for economic
planning. Open in App.

COLLECTING
DATA

The most critical objective of

data collection is ensuring that
information-rich and reliable
data is collected for statistical
analysis so that data-driven
decisions can be made for
research.
 WHAT IS
COLLECTION BY MEANS OF STATISTICS:
DATA?
The collection of data are much
easier due to the fact that it ensures
Data collection is the the authencity of the data collected
procedure of collecting, by using different methods.
measuring and analyzing Some methods used are:
accurate insights for
Survey: In-Person Interviews, mail
research using standard
surveys, phone surveys, web/online
validated techniques.
surverys.
The role of statistics is all about the science of learning from data.
Statistical knowledge helps you use the proper methods to collect the
data, employ the correct analyses, and effectively present the results.
Statistics is a crucial process behind how we make discoveries in
science, make decisions based on data, and make predictions.
Statistics allows you to understand a subject much more deeply.
WHAT IS THE
ROLE OF
PROBABILITY?
 PROBABILITY
We collect data so as to provide evidentiary support for answers
we give to our many questions about the world and in our
particular case, about the business world. As we have seen, our
questions often concern themselves with very large populations
which are nearly impossible to cen-sus, so when we collect data,
we must restrict ourselves to rather small samples from these
populations.
Probability and statistics, the branches of mathematics
concerned with the laws governing random events, including
the collection, analysis, interpretation, and display of
numerical data.
Probability provides information in reference to likelihood
that something will happen. Meteorologist, for instance, use
weather patterns to predict the probability of rain. Its theory
is used to understand the relationship between exposure and
the possible risks.
 EXAMPLES IN REAL
LIFE THAT PRESENTS
THE ROLE OF
STATISTICS AND
PROBABILTY
EXPERIMENTAL
PROBABILITY EXPERIMENTAL PROBABILITY
EXAMPLE EXPERIMENTAL
PROBABILITY OF OCCURRENCE
OF TAILS = NUMBER OF TIMES
TAILS OCCURS/NUMBER OF
TIMES COIN IS TOSSED. WE
OBSERVE THAT IF THE NUMBER
OF TOSSES OF THE COIN
INCREASES THEN THE
PROBABILITY OF OCCURRENCE
OF HEADS OR TAILS ALSO
APPROACHES TO 0.5.
THEORETICAL THEORETICAL PROBABILITY
IS DETERMINED BY THE
SAMPLE SPACE OF AN
OBJECT. FOR EXAMPLE, THE
PROBABILITY OF ROLLING A
3 USING A FAIR DIE IS
1/6. THIS IS BECAUSE THE
NUMBER 3 REPRESENTS ONE
POSSIBLE OUTCOME OUT OF
THE 6 POSSIBLE OUTCOMES
OF ROLLING A FAIR DIE.
 THANK YOU FOR
LISTENING!!
we are group 1 , ending our report.

DANE DAPHNE PAUL MON NORIEL

JANNE