Statistics are used to analyze what's happening within the world around us. In this data-driven world, all activities of ours are monitored by someone else every time. Statistics help us to convert whatever occurs in the past can be used in predicting the future. Statswork Is A Premier Statistics Consulting Company That Spearheaded Online Statistics Consultancy Service With Clientele Ranging From Educational Institutions, Academics, Corporations And Ngos. We Provide End-To-End Service And Assistance For Your Statistical Research And Analytical Needs From Data Collection, Data Mining, Data Analysis To Research Framework And Research Methodology. Why Statswork? Plagiarism Free | Unlimited Support | Prompt Turnaround Times | Subject Matter Expertise | Experienced Bio-statisticians & Statisticians | Statistics Across Methodologies | Wide Range Of Tools & Technologies Supports | Tutoring Services | 24/7 Email Support | Recommended by Universities Contact Us: Website: www.statswork.com/ Email: info@statswork.com UnitedKingdom: +44-1143520021 India: +91-4448137070 WhatsApp: +91-8754446690

1. 7 EXCELLENT REASONS
WHY STATISTICS ARE
IMPORTANT
An Academic presentation by
Dr. Nancy Agens, Head, Technical Operations, Statswork
Group www.statswork.com
Email: info@statswork.com

2. Outline
TODAY'S
DISCUSSION
Introduction Examples Conclusion

3. Introduction
Mark Twain once quoted, “FACTS ARE STUBBORN THINGS, BUT STATISTICS ARE
PLIABLE.”
You are a statistician in many ways. Statistics is that the technique of conducting a study of a
couple of specific topics by aggregation, organizing, decoding, and eventually presenting data.
Statistics are used to analyze what's happening within the world around us. In this data-
driven world, all activities of ours are monitored by someone else every time. Statistics holds a
key position in nearly every field like Research, Innovation, Commerce, Trading, etc.; therefore,
application of statistics is incredibly comprehensive.

4. Statistics help us to convert whatever occurs in the past can be used in
predicting the future.
Let us take some examples which will help you realise the role of
statistics in your daily life.
Examples

5. Do you ever watch the weather
outlook throughout the day time?
We all tend to watch weather
forecasts.
Have you ever thought of how does one
get that data and how we use that
information?
Forecasters use computer models
applied and build on statistical ideas.
These models compare previous
weather with the present climate and
predict future climate.
What if the forecast reports that a cyclone is
close at hand or the tornadoes are possible
to occur?
Emergency management agencies get in the
gear mechanism to be able to rescue folks.
Emergency groups believe in getting
informed by statistics once danger may
occur.
Statistics employed mainly by the scientist.
They use their skills to gather relevant
knowledge. Otherwise, it ends up in a loss of
cash, time and data.
1 FORECASTING
WEATHER
2 EMERGENCY MANAGEMENT
AGENCY

6. Statistics play an enormous role in the
field of medicals.
Before prescribing any medication, the
scientist should show a statistically valid
rate of effectiveness.
For instance, studies have shown that
smoking causes 80-90 % of cancer.
The data ought to tell you that just about
all cancer area associated with smoking
which if you would like to possess a
reasonable probability of avoiding
respiratory organ cancer, you should
quit smoking.
PREDICTING
DISEASE
Many people are grieved with diseases as
a genetic disorder, and these diseases will
probably be passed on to their kids.
Statistics are essential in regulating the
probabilities of a replacement baby
being laid low with the illness.
Genetic Engineering offers the chance of
cures for disease and infinite material
enhancements to lifestyle.
GENETIC
ENGINEERING
3 4

7. Statistics is vastly vital in politics.
Candidates consult citizen polls to see
wherever and the way they campaign.
News media ask their models once they
try and predict who the winner is.
POLITICAL
CAMPAIGNS
What is insurance? All of us are
insured, whether it's medical, life or
any other insurance.
Statistics are employed to work out
what risk insured poses to an
insurance company, what share of
policies is probably going to pay, and
the way abundant cash a corporation
will expect to pay in claims.
INSURANC
E
65

8. Companies create thousands of products daily, and every company should
confirm that a decent quality item is oversubscribed.
However, a company cannot take a look at every item that they ship. Thus,
they use statistics to check a couple of, known as a sample, of what they
create.
If the sample passes quality tests, then the corporate assumes that everything
created among the cluster referred to as a batch, are excellent.
QUALITY
ASSURANCE
7

9. If you would like to use data to find out how the globe works, you
want to have statistical data to trust your knowledge and your
results.
There’s simply no means around it.
Even though you're not going through studies, understanding
statistical principles will assist you in assessing the standard of
alternative studies and also the validity of their conclusions.
Statistical information will even facilitate your vulnerability to
artful ends that have associate agenda.
Conclusion

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