What is World Statistics Day?
Every five years, World Statistics Day is held on October 20th. The day commemorates the accomplishments of the Fundamental Principles of Official Statistics's Fundamental Principles.
Statistics refers to the collection, analyzing, and interpreting large amounts of numerical data. Statistics are vital. Scientists can make new discoveries in this field. It helps manufacturers produce safer products. It helps manufacturers produce safer products. When using statistics, pharmacists produce more effective drugs. Physiologists develop more efficient drugs. Meteorologists predict the weather, but meteorologists rely on statistics to be accurate. Thanks to statistics, even investors make better financial decisions.
Statistical analysis and reports benefit virtually every industry in the world. Individuals also use statistics for a variety of reasons.. Statistics help to establish facts and make critical decisions. Statistics also play an important role in predicting trends and finding patterns.
Statistics are deserving of a celebration for all these reasons..
