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CRITICALLY ASSESS THE ROLE AND SIGNIFICANT OF STATISTICS IN SOCIAL SCIENCE RESEARCH

Statistics plays a vital role in social science research. In social science, statistics hold a central position in social science’s research like commerce, trade, economics, political science, public administration, sociology, business, auditing etc. In all these filed statistical methods are commonly used by analyzing the experiments, result and their significance. In Business Statistical methods and data are used in estimating the volume of retail sales, assessing the market for new products, for sales production and demand for goods and services, analyzing, advance, the likely consequences of alternative product, price or output strategies, cost-volume profit analysis (break even analysis) inventory control, investment appraisal, transportation and assignment problems. In Economics In economics statistics plays important role in economics research.eg national income account are multipurpose indicators for the economists and administrators. Statistical methods are use for collection and testing hypothesis. Measuring indicator such as volume of trade, size of labor force and  cost of living index. Government Statistics allows a powerful set of methodologies to take information from political processes eg wars, government and elections and use them to make deduction about the characteristics of those processes. statistical information provides guidelines to government. For instance in building of schools, the statistician will provide the number of children in the school and then the number of schools to be build will be known. In Banking Banking uses statistical approaches based on probability to estimate the number of depositors and their claims for a certain day In Industry A business manager needs to know statistics in order to run efficient programme. Modern business makes a lot of crucial decisions regarding.

In State Management Administration Statistic help government to make research on revise the pay scales of employees in view of an increase in the living cost preparation of federal and provincial government budgets mainly depends upon statistics because it helps in estimating the expected expenditures and revenue from different sources.

Demography Studying and estimating the growth of human population planning and conducting census and sample surveys. Law Compiling cases determined by the state and federal count as well as the final decision of the supreme court of the land on some key constitutional issues. zionf2p.gnbo.co.ngZion