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Insights of
“Why you should love statistics”
–Ted Talk by Alan Smith
By Darpanraj Deoghare
What did he discuss about?
Numbers
OECD
His Quiz
Statistics
What is Statistics?
It is the science of dealing with
data about the state or
community that we live in.
It is all about how we as
individuals relate to our groups,
to our peers.
It is the art and science of
collecting and understanding
data.
Insights
Insight – No.1
There is a disjoint between
what people perceive and
reality
Insight – No 2
It is all about how we as
individuals relate to our
groups, to our peers.
Insight – No 3
Numbers can inspire us all ,
Numbers can surprise us all.
Relevances
Relevance No 1
 For “Better insights” , Data
trends can be used to
arrive at better and sound
decisions
Relevance No 2
Statistics makes it possible
for the business to produce
goods with limited
variations and wastage,
saving money and ensuring
the best quality with
optimum utilization of
resource.
Relevance No 3
Create assertion in the
decision Support Of
Judgment
Conclusion
So very often, we talk about
statistics as being the science of
uncertainty. actually, statistics is
the science of us. And that's why
we should be fascinated by
numbers.
References
 https://www.youtube.com/watch?v=ogeGJS0GEF4
 https://www.ted.com/talks/alan_smith_why_we_r
e_so_bad_at_statistics/transcript?language=en
 http://blog.essaycorp.com/importance-of- statistics-in-
business-organization-essaycorp/
 Submitted for Internship "Data Analytics " under
Professor Sameer Mathur , IIML
 By, Darpanraj Deoghare
Thank You

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