Why study statistics?

You should study statistics for several reasons, including to develop skills in data analysis, decision-making, and research. Here are some details on these reasons and others that make studying statistics a worthy proposition:

• Data analysis. Statistics is an invaluable asset to have in terms of analyzing data, and this is a common component in many careers and industries, especially in the tech sector. Studying this subject will give you the methods and tools to effectively manage and interpret data. In addition to tech, it is also very valuable in the business, social sciences, and healthcare industries.
• Decision-making skills. You should also study statistics for the value it has in helping you improve your decision-making abilities, and ultimately make informed decisions that are data-driven and fact-based. Statistics also help reduce unpredictability and uncertainty about predictions, and this is highly sought after in many industries.
• Research skills. Statistics will also help improve your research abilities and skills by giving you different techniques to use. You will know how to develop studies, collect data, interpret that data, analyze the results, and ultimately give informed guidance on a particular topic or area of concern.
• Variety of career opportunities. Studying statistics also opens you up to a wide variety of career opportunities. This includes industries, such as business, finance, tech, healthcare, and many others. It also means you can get jobs as a statistician, data analyst, market research analyst, social scientist, and many other exciting and lucrative roles.
• Critical thinking abilities. When you study statistics you also help to develop and hone critical thinking skills and abilities. This is because the study of statistics involves gathering data, analyzing and evaluating data, identifying trends and patterns, and drawing informed conclusions based on your evaluations and evidence.