There are three kinds of lies : lies , damned lies and statistics.
Statistics is the science of collecting ,summarizing and analyzing numerical data and is used to predict the likelihood of events.The knowledge and use of statistics elevates you in the same way that a bibliography adds a couple of stars for an author.The association of statistics in my high school and college days was the one that went hand in hand with the word "vital".There,was in fact, a piece of instrumental music that broadened or rather defined the term - it was called 36-24-36.
Imagination was a powerful thing in those days now everything is evidence based,eve in field of customer service which is slowly now being transformed into a science as opposed to just treat people in a normal courteous manner.
Insurance companies were amongst the first to use statistics as a method to figure out the premium owed to them and also the risk profiling..its these days more popularly known as Actuarial Science.The premium for life/health insurance is based on the body mass index (BMI).If your BMI is more than 25 you are overweight and 35 or more is morbidly obese.With each passing year the number of tests and the number of people being employed is increasing,words like confidence interval,hazard ratios,null hypothesis etc are common.
There are 2 kinds of statistics , the kind you look up and the kind you make up....did you know that 65.4% of all quoted stats during conversations are incorrect / made up at the moment......what predicament....can anyone prove me incorrect...
I would quote the great cricketer turned commentator turned TV Comedy show host turned now politician(phew ..he is quite a handful..) - Navjot Singh Sidhu - " Stats and numbers are like bikini's they hide more than what they reveal.." only Sidhuji and his punjabi euphemism's are capable of making such a comment....
But then what is life without stats and numbers.....
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