Page Summary on the Importance of Simple Statistics and It’s Every Day

Matt Ulrich

11/7/01

Page Summary on the Importance of Simple Statistics and its’ Every Day Use

Statistics are included in our every day routine weather we like it or not, from weather “guesses” on the radio and news to who will be most likely to win the Super Bowl. However, what I will explain is how we can use statistics to benefit our future success and also show how we can better trust and understand these predictions of our future.

Any sales, marketing, or industry driven business can tell you that statistics are what determine the direction and survivability of a certain product. It’s simple; if statistics show that consumers are not happy with a certain product that product seizes to exist. A perfect example of this is population-sampling data, data that is simply measured by tallies and histograms. Measures of Central Tendency basically measure mediums and means, it shows what is popular