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Pages:
1 page/≈275 words
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Level:
APA
Subject:
Accounting, Finance, SPSS
Type:
Essay
Language:
English (U.S.)
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MS Word
Date:
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$ 4.68
Topic:

How Statistics Supports Arguments #2 (Essay Sample)

Content:

How statistics supports arguments.
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How statistics supports arguments.
Introduction
Statistics is an art of science that deals with the collection of data, analysis of data and making inference or drawing conclusion about the data so that the information obtained can be used to solve problems or to make decisions. It has been applied in different fields to support claims assumed or made concerning a certain problem. More broadly, statistics is applied as it entails a knowledge that should be as a result of the facts that have information that is supported by the collected data. Therefore, statistics is applied due to its use of a probabilistic approach. Most companies employ statistics in proving their arguments because statistics provides sufficient evidence on the collected data.
Statistics entails the collection of data that is analyzed to support an argument. The use of inferential statistic helps in making a clear conclusion that supports the arguments of interest. Consider a bulb manufacturing industry which claims that the lifespan of a bulb is 2100hrs before it blows up. A statistician goes further to support the claim that the manufacturers claim is true from the sampled data of 50bulbs that was selected at random from three industries.
The argument could not depend on mere arguments and assumptions rather it required evidence to support it and prove the claim. Most arguments are rumors and may not be trusted, and that’s why most people ensure that the argument has enough support. The bulb manufacturing industry need supportive instrument because most customers may require a proof and evidence. Therefore, the industry can escape arguments from the customers by providing clear, concise and unbiased information that supports the argument.
In the global world today, arguments and assumptions need to be supported with facts that help in ensuring that the information put across is unbiased. According to most of the surveys done, only a small margin of the information argued upon has no truth that is attached. Therefore, in order to avoid the false statements and information, industries have employed the knowledge of statistics to backup or support most of the arguments made concerning the manufactured goods because the durability or sustainability of a commodity is found only if stati...
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