2 Dec 2022

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Statistical Thinking for the 21st Century

Format: APA

Academic level: College

Paper type: Coursework

Words: 306

Pages: 1

Downloads: 0

I agree with H.G. Wells’s statement, “Statistical thinking will one day be as necessary for efficient citizenship as the ability to read and write!” Statistical thinking will enable citizens to align their thoughts with the essential statistical ideas, which allows making better and informed decisions at any situation. Statistics is not only applicable in business but also in understanding life situations such as career-wise, thus helping a person decide on a profession that will be competitive in the job market. Statistical thinking will connect citizens with an extensive network of systems, all connected in one way or another. It will enable a citizen to establish how different situations in life affect each other, such as the probability of a marriage being successful when both the wife and husband are busy professionally, thus making decisions on how to create common goals to avoid affecting the profession of any party. It will help make better decisions to prevent future pain and failure. 

Statistical thinking will keep citizens away from falling in some traps in data analysis. Individuals will understand aspects such as deviations, and the validity of statistics results when big data is involved. It will reduce the risks of making decisions that appear to be an improvement when illustrated on a chart, but there is no support of statistical analysis, which can be damaging and expensive as well as affecting the confidence in skills an individual possess. Analytical thinking will support economic development in a nation. The citizens will be able to analyze the financial situation and market before starting a business. Data will be used to show the success rates of a company and the predicted profits. 

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To conclude, statistical thinking will be a necessary evil for the citizens as it will guide in making the right decisions in social, security, educational, and economic life, thus avoiding mistakes that discourage an individual. Effective citizenship enhanced by statistical thinking will benefit the growth of a nation and enhance security requirements through big data analysis and making informed decisions. 

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StudyBounty. (2023, September 14). Statistical Thinking for the 21st Century.
https://studybounty.com/statistical-thinking-for-the-21st-century-coursework

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