Applications of statistics in daily life

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Applications of statistics in daily life

  1. 1. Applications of statistics in daily life <ul><li>Statistics is the collection of data and its representation or interpretation. Statistics use three means of comparison through the data mean, median &mode </li></ul>
  2. 2. What is Mean….. <ul><li>Mean is used as one of the comparing properties of statistics. It is defined as the average of all the clarifications. </li></ul>
  3. 3. Applications of Mean <ul><li>It helps teachers to see the average marks of the students. </li></ul><ul><li>It is used in factories, for the authorities to recognize whether the benefits of the workers is continued or not. </li></ul><ul><li>It is also used to contrast the salaries of the workers. </li></ul><ul><li>To calculate the average speed of anything. </li></ul><ul><li>It is also used by the government to find the income or expenses of any person. </li></ul><ul><li>Using this the family could balance their expenses with their average income. </li></ul>
  4. 4. How to calculate it? <ul><li>Example to find the mean: </li></ul><ul><li>Find the mean of 4,7,2,9,3. </li></ul><ul><li>Solution: </li></ul><ul><li>Mean = (4+7+2+9+3)/5=5. </li></ul>
  5. 5. What is median & what are its daily applications <ul><li>Median is defined as the middle value of any observation. Its applications in daily life are as follow: </li></ul><ul><li>It is used to measure the distribution of the earnings </li></ul><ul><li>Used to find the players height e.g. football players. </li></ul><ul><li>To find the middle age from the class students. </li></ul><ul><li>Also used to find the poverty line. </li></ul>
  6. 6. How to find the median of anything? <ul><li>Example to find the middle value: </li></ul><ul><li>From the series 7,2,4,9,1,6,8 the middle values is calculated by arranging the series into ascending order that is 1,2,4,6,7,8,9. Here, the median value is 6. </li></ul>
  7. 7. What is mode & what is its importance in our daily life <ul><li>Mode contains the highest frequency in any data. Its applications areas follows:- </li></ul><ul><li>It is used to influx of the public transport. </li></ul><ul><li>The no. of games succeeded by any team of players. </li></ul><ul><li>The frequency of the need of infants. </li></ul><ul><li>Used to find the number of the mode is also seen in calculation of the wages, in the patients going to the hospitals, the mode of travel etc. </li></ul>
  8. 8. How to calculate mode? <ul><li>Example to find mode </li></ul><ul><li>1,2,3,3,3,4 </li></ul><ul><li>In this the mode is 3 because it recurs the most. </li></ul>
  9. 9. Group Members <ul><li>Minahil Habib </li></ul><ul><li>Ayesha Fareed </li></ul><ul><li>Huba Nasir </li></ul><ul><li>Rabbia Manzoor </li></ul>
  10. 10. THANK YOU
  11. 11. Questions Please ……….

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