There are tons of uses of statistics in our daily life. That is why Statistics is a crucial part of each person’s life. It is in every aspect of day to day living. You might have wondered how weather predictions are made, how the prices of goods are decided, and so on. All of these predictions are strongly based on statistical concepts. Therefore, it would not be incorrect to say that there are tons of uses of statistics.
Statistics is the discipline that deals with collecting, analyzing, organizing, interpreting, and presenting data. It also deals with the collection of a large amount of data to get relevant information from it. Statistics are a major aspect of our life.
Collectible data can be quantitative as well as qualitative. In quantitative data, a specific amount, quantity, or range is described. Arithmetic operations apply to quantitative data. However, in qualitative data, approximations and characterizations are described. It is non-numeric data that observe and record by the statisticians. There are various fields where someone can define the uses of statistics.
Uses of Statistics in Our Daily Life
Statistics in Education
Statistics is a crucial part of our education system. It is utilized to examine the progress of a class as compared to students of other courses. With the help of statistics, teachers can analyze the performance of each student individually. A detailed analysis is always crucial for understanding why a particular student lacks in education and what actions to take to improve it.
Teachers can utilize statistical techniques to determine education methods that will help an individual student. The mental ability, intellectual ability, and interests of each student vary from one another. Based on these qualities of an individual, the teacher should provide separate guidance to the students, and this advice must be as per the statistics.
Statistics in Weather Forecasting
Weather forecasting is an excellent application of statistics. Quantitative data is gathered about the atmosphere’s current status, and meteorology is used to predict atmospheric changes. Meteorologists use rigorous scientific techniques to generate relevant information from data. In contrast, rhey use the statistics of atmospheric pressure, temperature, humidity, rain, and speed to predict upcoming weather situations.
Statistics in Insurance
Several insurance companies in the market provide insurance for vehicles, houses, life, health, etc. Insurance companies use various statistical data to decide the amount of insurance. Likewise, for life insurance, they consider statistics about age, lifestyle, job, gender, credit score, amount of coverage, medical history, type of coverage, etc.
The collected data is analyzed and processed, and then the insurance score is determined. An insurance score helps the insurance agency to determine the risk that the insurance company might take to provide you insurance. Then they use the insurance score, to determine the premium. These are some of the significant uses of statistics in daily life in the insurance field.
Statistics in Disease Prediction
The medical field makes use of Statistics for the prediction of disease. Statistics is playing a vital role in the medical field. It helps to count the number of people suffering from a specific illness and die because of that disease. Statistics is also utilized to determine the affected ratio of the body from that particular disease.
Statistics are also helpful to find out the cause of illness to take precautionary actions. For example, a statistical survey report indicates that it is found that the average number of people get lung problems after they start smoking cigarettes.
Statistics in Business
There are multiple uses of statistics in business. A successful business is dependent upon reliable statistics of the market. Each successful company uses statistics to grow in the market. There are so many statistical tools that the companies use for various statistics operations. Such as median, mode, mean, bar graphs, bell curve, and probability. Statistics in business is quite helpful to analyze the trending goods and price trends of those products.
Business companies also calculate the availability of goods in stock by statistics. Companies need to get information about which store needs the product and what the demand is. These stats help to fulfill the product demands of the stores. Companies with the help of statistics also analyze expected sale trends that help them in planning future actions. Statistics data is always useful in business for market analysis.
Statistics in Prediction
It is all about making predictions from gathered information. The correctness of prediction is based on many factors. Past and Present information is taken into account whenever any prediction is made. Every intellectual person analyzes the factors that can affect his future. Statistics techniques are helping to perform Future projections. For example, the weather forecast predicts the upcoming weather conditions. Moreover, the engineer predicts the project’s estimated cost, and the doctor expects the patient’s medical condition by initial examination, etc.
Statistics in Politics
Statistics plays a significant role in Politics. It is essential to analyze the winning chances before elections. The use of statistics in politics is growing at a rapid base. Nowadays most political campaigns use statistics for better organization.
It is very crucial for politicians to know their chances of winning and the number of voters in their support. Moreover, it has been seen that the uses of statistics in daily life are always helpful in politics in numerous ways. Likewise, several news channels also organize surveys and predict voting results.
Statistics for Emergency Situations
Statistics are beneficial to predict natural disasters. It helps the government and the people to prepare for any emergency. Statistical tools also play a major role in the prediction of upcoming natural disasters which enables everyone to prepare accordingly. Rescue teams also prepared in advance to reduce the level of casualties.
Statistics also play a crucial role in the management of Emergencies, i.e., earthquakes, floods, heatwaves, volcanic eruptions, etc.
Statistics in Sports
There are several uses of statistics in sports. A sportsman gets an idea about his play and the performance of other players. By the use of statistics, a team can expect the performance of the other team. Based on that expectation, a team can plan their practice sessions. There are two types of sports statistics.
- An on-field analytic is all about increasing the performance of team players on the playground. With on-field statistics, a team can maintain game plans and players’ fitness.
- On the other hand, off-field analytics helps sports organizations to improve their business. It helps them to decide ticket price, fan engagement, etc.
Statistics in Government
The uses of statistics for the government are numerous. The government uses statistics to make the decision about education, policies, population, etc. Some applications of statistics in government are as follows.
- The government provides the medical requirements to the people of a certain area. By examining the number of patients of a particular disease.
- Statistics tools help in the cost calculation of every government project.
- Various campaigns were organized for the awareness of people are also based on statistical analysis.
- The Government uses statistics to decide the curriculum for students.
This blog described the uses of statistics in daily life. It gave information about various day to day usage of statistics. You can use it to analyze the large collected data to give the relevant conclusions. Apart from this, statistics has a number of applications. As explained earlier, statistics are utilized in Education, Forecasting, Insurance, Disease prediction, business, politics, sports, emergency situations. Therefore, you can utilize the concepts of statistics as per your convenience. Always try to analyze the extensive data with the help of statistics. As it gives an accurate result that helps in understanding the large collected analysis.