Chapter 12Statistics for Engineering Analysis
12.1 Introduction
Statistics is the science of decision making in a world full of uncertainties.
The world in which we live is indeed full of uncertainties. The following are just a few examples of sources of such uncertainty:
- A person's daily routine, career, and health conditions.
- The life expectancies of citizens of different countries of the world.
- Fluctuations of stock markets.
- Weather forecast for regions within countries and the whole world.
- National and global politics.
- Epidemics and natural disasters around the world.
The broad application of statistical methods has made this branch of science a stand-alone major discipline of research and ...
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