Which of the following is the best description of the purpose of statistics? The purpose of statistics is to accurately survey everyone so that a parameter can be precisely computed without doing any estimates. The purpose of statistics is to use a statistic based on sample data to estimate a parameter so that a census is not required. The purpose of statistics is to show how all estimates can be done with 0.05 sigificance level since this can be used in all situations. O The purpose of statistics is to eliminate all sources of error in surveys so that we can be 100% confident of our results.

MATLAB: An Introduction with Applications
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Author:Amos Gilat
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Which of the following is the best description of the purpose of statistics?
O The purpose of statistics is to accurately survey everyone so that a parameter can be precisely computed without doing any estimates.
O The purpose of statistics is to use a statistic based on sample data to estimate a parameter so that a census is not required.
O The purpose of statistics is to show how all estimates can be done with 0.05 sigificance level since this can be used in all situations.
O The purpose of statistics is to eliminate all sources of error in surveys so that we can be 100% confident of our results.
Transcribed Image Text:Which of the following is the best description of the purpose of statistics? O The purpose of statistics is to accurately survey everyone so that a parameter can be precisely computed without doing any estimates. O The purpose of statistics is to use a statistic based on sample data to estimate a parameter so that a census is not required. O The purpose of statistics is to show how all estimates can be done with 0.05 sigificance level since this can be used in all situations. O The purpose of statistics is to eliminate all sources of error in surveys so that we can be 100% confident of our results.
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