Statistics is an integral part of all natural and social sciences. The methods of natural sciences are reliable but their conclusions are sometimes not so probable because they are based on incomplete evidence. Statistical helps in describing these measurements in a precise manner. A lot of statical methods like probability averages, dispersions, estimation are an integral part of mathematics and are frequently used in this field. 4. Banking: Another area where statistics plays an important role is banking. Banks require statistics for a number of reasons and purposes. Almost all banks work on the principle that when one of their customer invest some money in their bank, they will keep it in their bank for some time and not withdraw it. By …show more content…
Let 's visualize a situation for a minute. Let us try to think of a world without computers. If this happened, people in the medical field would not have have found a lot of cures to diseases, because computers have played a vital role in the process of helping medical professionals gain better insights into the world of diseases and health. Again, movies like Toy Story and Jurassic Park would not have been possible without computers because these movies have made use of computer graphics and animation. Pharmacies would have a difficult time in keeping track with what medications to give to to their patients. Counting votes would be close to impossible without computers and even more importantly space exploration would have still remained a distant dream for all space enthusiasts. Because of the growing importance of computers, computing technologies have taken on an even bigger role and this has resulted in the ability of machines to automatically apply complex mathematical calculations to big data at a faster and more rapid pace. Some of the widely publicised examples of machine learning applications that today extremely popular in the world include the
Statistic is more accurate when it comes to show the level. For example, 1 bottle of soda might be “a few” for soda lovers, but it might be “too much” and unacceptable for the ones who want a healthy life or just hate the feeling of hiccups. Jacoby used statistics to support his argument, and let audiences get convinced after they get the numbers and start to feel the same way Jacoby feels. For example, when he discussed how jail is costly, he mentioned the price with the statistic. “Meanwhile, the price of keeping criminals in cages is appalling-a common estimate is 30,000 per inmate per year.”
Understanding statistics will give me the ability to make better organizational
Week 3 Practice Problems 1. The class handout cites 3 basic purposes for studying statistics: data reduction, inference, and identification of relationships. In your own words, describe these three ideas in a couple of sentences each. Why do we study statistics? We study statistics for 3 reasons below: Data Reduction:
The research allowed me to grasp and truly understand how big of an issue technology really is. In this reading, Eric discusses how technology is negatively impacting our society. He interviews educated and credible people who state facts and statistics on how technology brings negative results. Eric states,” The evidence for this goes beyond the carping of Luddites. Its there, cold and hard, in a growing body of research by psychiatrists/ family time” (Andrew-Gee 6).
“The Internet, an immeasurably powerful computing system, is subsuming most of our other intellectual technologies. It’s becoming our map and our clock, our printing press and our typewriter, our calculator and our telephone, and our radio and TV” (Car). Still the internet isn’t becoming everything. The internet doesn’t give us access to print out our clothing or our food and beverages. We physically have to go out and get it ourselves, or order these online through the Internet.
In the text, there are many instances where statistical evidence is used to help back Davidson’s point. Using this method of evidence gains the readers by presenting interesting findings. The use of statistics
Computers are used to functions that would take humans a long time to work out. They make work easier to accomplish. It can be used to show how much gas is used in a vehicle with different amounts of speed and weight. In the story Cold Equations written by Tom Godwin, a girl is a stowaway on a EDS. There wouldn't be enough gas to get to the destination with her added weight.
Should Artificial Intelligence Be Continued To Be Developed? This quote by James Comey depicts just how far technology has come and how well it has integrated into our lives. Over the last decade, technology has done nothing but advance, and people, especially teenagers, have become very accustomed to using it in their everyday lives. Gadgets such as cars, phones, and computers have all been created over time to make our lives easier and more efficient.
actually affects our brains and the way we use them. Many people would argue that technology has more cons than pros, however it’s quite the opposite. We use technology in our everyday lives and it helps us to gain more knowledge than we’ve ever been able to before. The technology we have today is one of the greatest advantages we could have. Andrea Lunsford, who wrote “Our Semi-Literate Youth?
Wall-E and Feed are similar in the way that both societies begin to rely on technology, and grow so lazy that humans stop taking care of the environment and stop caring about most of the things that go on around them. This causes the environment to to be destroyed by garbage, pollution and deforestation. In Wall-E, the Earth had to be abandoned because the air was no longer breathable, the water was full of oil and the ground was polluted with trash. By moving to space, everything became very convenient and people grew even more lazy and dependent on technology.
In reading, How the Confidence Interval Affects Business, I found it to be very interesting. I had no idea the relation of statistics that are being used in the business world. Stat Trek (2017) states, “Confidence intervals indicate (a) the precision estimate and (b) the uncertainty of the estimate” (para. 3). Marketing is an important tool for most business, for a business to have the ability to estimate future sales and determine if sales will decline in the near future seems to be vital knowledge for the success of a company. This knowledge is achieved through data collected from clients, previous sales, and other bases of relative information.
Cooper & Schindler (2003) identified that two broad research methods are often used across various studies for logical reasoning. Two broad categories of research approaches are deductive approach and inductive approach. Research approach is usually selected by the researcher depending upon the nature of study and its specific requirements. In an inductive approach, the researcher first begins to collect relevant in accordance to the study under discussion. Once a substantial amount of data in the form of previously conducted similar studies, the researcher tries to understand the concepts and looks for patterns that could provide explanation to our identified research problem.
Rise of Artificial Intelligence and Ethics: Literature Review The Ethics of Artificial Intelligence, authored by Nick Bostrom and Eliezer Yudkowsky, as a draft for the Cambridge Handbook of Artificial Intelligence, introduces five (5) topics of discussion in the realm of Artificial Intelligence (AI) and ethics, including, short term AI ethical issues, AI safety challenges, moral status of AI, how to conduct ethical assessment of AI, and super-intelligent Artificial Intelligence issues or, what happens when AI becomes much more intelligent than humans, but without ethical constraints? This topic of ethics and morality within AI is of particular interest for me as I will be working with machine learning, mathematical modeling, and computer simulations for my upcoming summer internship at the Naval Surface Warfare Center (NSWC) in Norco, California. After I complete my Master Degree in 2020 at Northeastern University, I will become a full time research engineer working at this navy laboratory. At the suggestion of my NSWC mentor, I have opted to concentrate my master’s degree in Computer Vision, Machine Learning, and Algorithm Development, technologies which are all strongly associated with AI. Nick Bostrom, one of the authors on this article, is Professor in the Faculty of Philosophy at Oxford University and the Director at the Future of Humanity Institute within the Oxford Martin School.
I have heard people say that life is way harder without technology. We know this, but technology was created to make life easier, that is the main purpose. Just because we might rely on something doesn’t mean we can’t live without it. Sure, it will be harder since we are used to it, but not
Financial management “is the operational and financing activity of a business that is responsible for obtaining and utilizing the funds necessary for effective operations. Thus, Financial Management is concerned with the effective funds management in the business process. Finance is interrelated functions which deals with marketing function, production function, Human Recourse function and Research & development activities of the business concern. Financial Management is concerned with the financing, acquisition and management of assets with some overall goal in minds. There are three major areas in Financial Management decision making.