Why statistics are important in our life? Statistics are the sets of mathematical equations that we used to analyze the things. It keeps us...
Why statistics are important in our life? Statistics are the sets of mathematical equations that we used to analyze the things. It keeps us informed about, what is happening in the world around us.
Statistics are important because today we live in the information world and much of this information is determined mathematically by Statistics Help. It means to be informed correct data and statistics concepts are necessary. To be more specific about the importance of statistics in our life, here are 10 amazing reasons that we have heard on several occasions.
1. Everybody watches weather forecasting. Have you ever think how do you get that information? There are some computer models built on statistical concepts. These computer models compare prior weather with the current weather and predict future weather.
2. Statistics mostly used by the researcher. They use their statistical skills to collect relevant data. Otherwise, it results in a loss of money, time, and data.
3. What do you understand by insurance? Everybody has some kind of insurance, whether it is medical, home, or any other insurance. Based on an individual application some businesses use statistical models to calculate the risk of giving insurance.
4. In the financial market also statistic plays a great role. Statistics are the key to how traders and businessmen invest and make money.
5. Statistics play a big role in the medical field. Before any drugs prescribed, the scientist must show a statistically valid rate of effectiveness. Statistics are behind all the study of medicine.
6. Statistical concepts are used in quality testing. Companies make many products on a daily basis and every company should make sure that they sold the best quality items. But companies cannot test all the products, so they use statistics sample.
7. In everyday life, we make any predictions. For example, we keep the alarm for the morning when we don’t know that we will be alive in the morning or not. Here we use statistics basics to make predictions.
8. Doctors predict disease based on statistics concepts. Suppose a survey shows that 75%-80% of people have cancer and not able to find the reason. When the statistics become involved, then you can have a better idea of how cancer may affect your body or is smoking is the major reason for it.
9. News reporter makes a prediction of the winner for elections based on political campaigns. Here statistics play a strong part in who will be your governments.
10. Statistics data allow us to collect information around the world. The internet is a device that helps us to collect the information. The fundamental behind the internet is based on statistics and mathematics concepts.
Hope these 10 everyday reasons help you to understand the importance of statistics.
Request Quote: YoStatistician Consultancy exists to assist research students, research candidates, research institutes, and corporates in statistical analysis, data analysis, data science, data analytics, data management, data mining, and much more!!!
Address: 21 Joe Slovo, Zumaysha House, Durban 4001, South Africa.
Landline: 031 305 0010
Mobile | WhatsApp: 067 851 2614
Email: enquiries@yostatistician.com
1. Everybody watches weather forecasting. Have you ever think how do you get that information? There are some computer models built on statistical concepts. These computer models compare prior weather with the current weather and predict future weather.
2. Statistics mostly used by the researcher. They use their statistical skills to collect relevant data. Otherwise, it results in a loss of money, time, and data.
3. What do you understand by insurance? Everybody has some kind of insurance, whether it is medical, home, or any other insurance. Based on an individual application some businesses use statistical models to calculate the risk of giving insurance.
4. In the financial market also statistic plays a great role. Statistics are the key to how traders and businessmen invest and make money.
5. Statistics play a big role in the medical field. Before any drugs prescribed, the scientist must show a statistically valid rate of effectiveness. Statistics are behind all the study of medicine.
6. Statistical concepts are used in quality testing. Companies make many products on a daily basis and every company should make sure that they sold the best quality items. But companies cannot test all the products, so they use statistics sample.
7. In everyday life, we make any predictions. For example, we keep the alarm for the morning when we don’t know that we will be alive in the morning or not. Here we use statistics basics to make predictions.
8. Doctors predict disease based on statistics concepts. Suppose a survey shows that 75%-80% of people have cancer and not able to find the reason. When the statistics become involved, then you can have a better idea of how cancer may affect your body or is smoking is the major reason for it.
9. News reporter makes a prediction of the winner for elections based on political campaigns. Here statistics play a strong part in who will be your governments.
10. Statistics data allow us to collect information around the world. The internet is a device that helps us to collect the information. The fundamental behind the internet is based on statistics and mathematics concepts.
Hope these 10 everyday reasons help you to understand the importance of statistics.
Request Quote: YoStatistician Consultancy exists to assist research students, research candidates, research institutes, and corporates in statistical analysis, data analysis, data science, data analytics, data management, data mining, and much more!!!
Address: 21 Joe Slovo, Zumaysha House, Durban 4001, South Africa.
Landline: 031 305 0010
Mobile | WhatsApp: 067 851 2614
Email: enquiries@yostatistician.com
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