“Statistics are sets of mathematical equations that are used to analyze what is happening in the world around us.”
We live in the informational age where everything is learned by using statistics. Statistics helps us to predict trends by looking at past data. This way we can also predict the future. Statistics are important in our daily lives. For example, is you have to go to work in the morning, you will see how many miles you have to drive including the traffic. If you already drove to work that way, you will know how long it will take you with or without traffic to get the work.
With the use of computers, it is easier to collect and use data. It makes our life simpler. What will we do without technology? Our everyday life is surrounded by the products of statistics if you believe it or not. For example, toothpaste is studied by scientists. They use statistical data to help to ensure if its a good quality and the benefits of using that toothpaste. What makes a good research is if the research has backup evidence. The evidence can be shown through statistics. As you can see statistics has great importance in our lives.
Statistics could also help a person think more clearly. There are many statistical procedures that can help you think more clearly. Also, learning statistics will provide you with a broader perception. This will be helpful when it comes to making decisions. Statistics will help you to analyze information more easily. Statistics makes our lives more interesting. What will we do without statistics?
Some of the few ways that statistics helps us in our lives is through weather forecast, emergency preparedness, medical studies, political campaigns, consumer goods and the stock market.
1) Weather Forecast
Do you watch the weather forecast anytime during the day? Well, I sure do. Have you ever thought about where the information comes from? Because of our great technology, computer models help us predict the weather. Computer models basically built using statistics from the past regarding weather conditions. Statistics helps us improve our predictions. Also, it is very important for observational analysis. Without the use of statistics, we will be basing the weather forecast off of random guesses.
2) Emergency Preparedness
Without statistical information, how will we able to predict for a future tornado, blizzard, hurricane, or even a tsunami. We would have to know when danger might occur so we are prepared. The Emergency team rely on statistics. We would have to know beforehand if danger is coming so we can either move families to a safer location. For example, if you live near the water, it would not be safe for you during these times.
3) Predicting Diseases
If you noticed many times on the news you will find statistical information about a disease. When the news reporter only report how many people have or died from a certain disease, we don’t know exactly know the statistical data. If the reporter shows the percentage of people being affected by this disease worldwide even your country you will want to know more.
As you can see from this data more people die due to lung cancer. To be exact there were 160,000 deaths in 2014. According to other studies, it is shown that 85-95 % of lung cancers is due to smoking. Lung cancer is the most common cancer worldwide since so many people smoke. In the United States, 90% of lung cancer is caused because of cigarette smoking. If you want to avoid cancer, take my advice and stop smoking.
4) Political Campaigns
Whenever there is an election on the news they constantly have data to show if they ahead. Models help us to predict who our President would be even our elected government officials. Right? Also, statistics makes it easier to determine voter’s preference.
5) Consumer Goods
For example, Wal-mart is a worldwide leading retailer. For stores such as this one, it is necessary to use statistics. Walmart uses statistics to help them to figure out what store will be the supplies go to and when. Since, Walmart is popular worldwide it is necessary to keep track of the inventory.
6) Stock Market
Have you ever heard about the stock market? The stock market is a stock exchange. “Stock analysts use statistical computer models to forecast what is happening in the economy.” So, this way you know which company is doing better and worse. Statistics will help you to invest your money in the right company where you will earn profit and not a loss.