According to Mark Twain, “There are three kinds of lies: lies, damned lies and statistics”. True enough that in our daily undertakings, sometimes, we lie- for some beneficial purposes. Although it has been perceived as bad, white lies can sometimes save us from tough situations. Lying, if not well played, can get us damned. These damned lies could put us into trouble: things that cannot be recovered nor undone. These need careful planning and should not be abused. Relatively, Statistics in some sense shows persuasive power of numbers to bolster weak arguments. This somehow brings any good to doubt statistics used to prove an opponent’s point. Guess what we need to win an argument? Statistics.
Statistics, as generally defined, is the science of collecting, organizing, presenting, analyzing, and interpreting data to assist in making more effective decisions. Since then, its value and importance has been known to me. From the definition itself, data seem to be existing everywhere- from the monthly budgets for personal consumption, to census of the population in the community, and up to the segmentation and profiling of the customers in business firms. In all ways, data are everywhere. Having the knowledge of using statistical techniques in making decisions greatly affects our lives.
I believe that no matter what your career is, you will make professional decisions that involve data. Therefore, there is a need for us to broaden our understanding in Statistics. An understanding of statistical methods will help you make these decisions effectively. Apart from that, I aim to learn how to manipulate, summarize, and investigate data.