Online Learning Makes It Easy to Learn Statistics

Posted by raveena sawhney on August 17th, 2019

Statistics plays a vital role in every field of human activity. Statistics helps in determining the existing position of per capita income, unemployment, population growth rates, housing, schooling, medical facilities, etc. in a country. The importance of statistics in economics starts with economics research methods. These are used to collect and analyze data for factors, such as per capita income and inflation rate. Statistical knowledge helps you use the proper methods to collect the data, employ the correct analyses, and effectively present the results. Statistics is a crucial process behind how we make discoveries in science, make decisions based on data, and make predictions. Given the growing importance of decisions and opinions based on data, it’s crucial that one can critically assess the quality of analyses that others present to them. Economics uses statistical significance often to get the necessary facts and figures. When something is considered to be statistically significant, it means that it is not likely to happen as a result of chance or randomness. Statistics holds a central position in almost every field, including industry, commerce, trade, physics, chemistry, economics, mathematics, biology, botany, psychology, astronomy, etc., so the application of statistics is very wide. This actually encourages a lot of students to pursue excellence in this field as mastery over this subject means securing a good career and further progress in it as statistics hold a lot of importance in almost every field. However, seeing such opportunity, students often place too much pressure on themselves and see themselves often underperforming and are often left desiring for help with preparation. Extramarks, the pioneer in the domain of online learning, aims to do just that by providing students with thoroughly detailed study materials created by expert faculty from all over the country, exhaustive sets of previous question papers and sample papers to increase the habit of practice in students and to allow them to analyse the pattern of the papers and progress tracking interactive interface that suggests study plans and corrections based on the performance of the students. This helps students to recognize their strengths and shortcomings and come up with plans to work on their weaknesses while developing habits beneficial for the examinations. Acing Economics class 11 Statistics examinations have been made easier than never before with the help of Extramarks. To know more, download the Extramarks learning app right away and get smart learning solutions at the touch of a button away.