2007-06-13 01:09:42 · 4 answers · asked by angel_dise0ts0h 2 in Science & Mathematics ➔ Engineering
Reasoning based on probability and statistics give one the ability to cope with uncertainty. It has the power to improve decision-making accuracy and test new ideas. Within probability and statistics there are certain applications which stand out for their profound or unexpected results.
2007-06-13 01:32:13 · answer #1 · answered by maven 3 · 0⤊ 0⤋
The best example is Gambling! But if you need something more, sports (related to gambling), industrial design (mean time between failure, chances at success, etc) (ALSO related to gambling through the stock market), and you always need it to complete a math degree (related to gambling because you are chancing a degree with help you get a higher paying job). So to sum it up, and be dead truthful, gambling drives all new statical applications and techniques. Chances are statistics wouldn't exist unless there was an increase in success to make money in some way.
2007-06-13 12:24:45 · answer #2 · answered by Leetron 2 · 0⤊ 0⤋
Note down the applications of Statistics
R-verification package
Use of cross-validation in forecast verification
An object-oriented approach for verifying spatial precipitation and convective forecasts
Verification of CIP at high altititute(Current lucing potential)
Verification of oceanic weather cloud-top height predictions
and also you can refer the websites
www.cam.ac.uk/admissions/undergraduate/statistics/
www.maplesoft.com/applications/app_center_browse.aspx?CID=10 - 45k
2007-06-13 09:46:01 · answer #3 · answered by Nantha K 1 · 0⤊ 0⤋
There are millions of statisticians working for insurance companies, and for government agencies, and for financial companies, and in the medical field. Lots of work out there for statisticians, and good paying work too.
2007-06-13 22:38:08 · answer #4 · answered by gatorbait 7 · 0⤊ 0⤋