The importance of statistics

Answer 1

Statistics is very important because it helps companies focus on the bigger picture, helps in ensuring quality and helps in making connections. Statistics is very important in many companies because it helps in the streamlining and the production process.

Answer 2

THE STATISTICS MEANS THE COLLECTION OF DATA .SO,IN THE LIGHT OF THIS DEFINATION IT IS VERY NECESSORY TO COLLECT THE DATA AND CALCULATION STATICALLY TO EVERY THING .i,e computationally and simulationally .