Statistics is the practice of collecting and analyzing numerical data, especially to infer characteristics of a whole population based on a representative sample. It is useful for organizing and understanding data in daily life and society. While people may have strong perceptions, statistics provide a reality check, as there can be a big difference between what we think and what the measurable data shows. For managers in India, it is important to make decisions based on statistical analysis rather than relying solely on perceptions, as statistics can provide insights relevant for understanding issues.

1. LOVING STATISTICS
BY PRATIK KUMAR
NIT RAIPUR

2. NUMERACY RATE
Numeracy :The ability to understand and work
with numbers.

3. WHAT IS STATISTICS?
The practice or science of collecting and
analysing numerical data in large
quantities, especially for the purpose of
inferring proportions in a whole from
those in a representative sample.

4. In daily life we need
statistics to apply it
for organizing,
arranging and
counting data.

5. Understanding our society
As Smith puts it, when it comes to
understanding our societies, we’re blind to the
obvious. That is, we’re ignorant of the
observable.

6. Q1.Insight
There is a big difference in
what we think, our
perception and the reality
given by statistics

7. Q1.Insight
People good with
numbers are not
necessarily having their
perceptions near to
reality.

8. Why and How these insights are relevant
to manager in India?
India is a country of people with great
perceptions, conceptions and belief.
A manager would rather work statistically
than people’s perception about issues.

9. SMITH’S VIEW FOR STATISTICS
 Statistics is not the science of
uncertainty, but rather the science of
us.

10. “
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THANKYOU
By
PRATIK KUMAR
NIT RAIPUR