What Is The Importance Of Statistics In The Field Of History, Banking, Psychology,etc? Explain


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Katie Harry answered
In history, statistics has been widely used for the percentages of the various phenomenon and occurrences during different eras.

In banking, statistics is used to provide the aggregate financial information along with structural data, that is the number of institutions and branches etc. Statistics can also be used to calculate the percentages of different people using the several facilities in banking.

statistics is important in psychology because it helps in Research methods. It also helps in measuring the different variables and the frequency with which they occur, which in turn plays a role in deducing results and theories.

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