The document outlines the top 10 uses of statistics in daily life, including their applications in predictions, quality testing, weather forecasting, and emergency preparedness. It emphasizes the importance of statistics in various fields such as healthcare, political campaigns, insurance, consumer goods, financial markets, and sports. The document also highlights career opportunities in statistics, such as roles for mathematicians, market researchers, and analysts.

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STAT ANALYTICA PRESENTS
Top 10 Uses Of Statistics In
Our Day to Day Life

2. POINTS OF DISCUSSION
Overview
1. Predictions
2. Quality testing
3. Weather Forecasts
4. Emergency Preparedness
5. Predicting Disease
6. Political Campaigns
7. Insurance
8. Consumer Goods
9. Financial Market
10. Sports
Career Scope of statistics of Statistics
Conclusion
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3. OVERVIEW
Majority of students think that why they are studying
statistics and what are the uses of statistics in our daily
life. They also want to know the importance of
statistics is our daily life.
Statistics is a set of equations that allows us to solve
complex problems. These problems are usually based
on facts and figures. Sir Ronald Aylmer Fisher, is
known as the father of modern science of statistics.
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4. 1. Predictions
The figures help us make predictions
about something that is going to
happen in the future. Based on what
we face in our daily lives, we make
predictions.
How accurate this prediction will
depend on many factors. When we
make a prediction, we take into
account the external or internal
factors that may affect our future.
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5. 2. Quality testing
Quality testing is another important
use of statistics in every area of life.
On a day-to-day basis, we conduct
quality tests to ensure that our
purchase is correct and get the best
results from what we spend.
We do a sample test of what we
expect to buy to get the best. If the
sample test that we have done passes
the quality test, we want to buy it.
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6. 3. Weather
Forecasts
Have you ever seen weather
forecasting? Do you know how the
government does the weather
forecasting? Statistics play a crucial
role in weather forecasting.
The computer use in weather
forecasting is based on the set of
statistics functions. All these statistics
function to compare the weather
condition with the pre-recorded
seasons and conditions.
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7. 4. Emergency
Preparedness
Statistics is also helpful in emergency
preparedness. With the help of
statistics, we can predict any natural
disaster that may happen shortly. It
will help us to get prepared for an
emergency. It also helps the rescue
team to do the preparation to rescue
the life of the people who are in
danger.
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8. 5. Predicting
Disease
Statistics is even playing a role in the
medical field. Statistics help us to
know how many numbers of people
are suffering from the disease. It also
helps us to understand how many
have died from the same disease.
But the best part of statistics is that it
also helps you to find out how much
you affected from the deceased.
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9. 6. Political
Campaigns
Statistics are crucial in a political
campaign. Without statistics, no one
can run a political campaign with
perfection. It helps the politicians to
have an idea about how many
chances they have to win an election
in a particular area.
•Statistics also help the news channel to predict the winner of the election.
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10. 7. Insurance
Insurance is a vast industry. There are
hundreds of insurance i.e. car
insurance, bike, life insurance, and
many more. The premium of
insurance is based on the statistics.
Insurance companies use the
statistics that are collected from
various homeowners, drivers, vehicle
registration office, and many more.
They receive the data from all these
resources and then decide the
premium amount.
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11. 8. Consumer
Goods
Statistics are widely used in consumer
goods products. The reason is
consumer goods are daily used
products. The business use statistics
to calculate which consumer goods
are available in the store or not.
They also used stats to find out which
store needs the consumer goods and
when to ship the products. Even
proper statistics decisions are helping
the business to make massive
revenue on consumer goods.
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12. 9. Financial
Market
The financial market completely relies
on the financial market. All the stock
prices calculate with the help of
statistics. It also helps the investor to
take the decision of investment in the
particular stock.
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13. 10. Sports
There is lots of uses of statistics in
sports. Every sports require statistics
to make the sport more effective.
Statistics help the sport person to get
the idea about his/her performance
in the particular sports.
Nowadays sports are utilizing the
statistics data into the next level. The
reason is a sport is getting more
popular and there are various kinds
of types of equipment in the sports
that are used to collect data of
various factor.
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14. Career Scope of statistics of
Statistics
• Mathematician. Using existing and newly-developed
principles, mathematicians can develop statistical models
to analyze data.
• Market Research Analyst.
• Atmospheric Scientist/Meteorologist.
• Statistician.
• Operations Research Analyst.
• Financial Analyst.
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15. Now you may be aware of the uses of statistics in our
daily life. It is nourishing our everyday life and helping
us to make effective decisions.
If you are a statistics students and you need statistics
assignment help or statistics homework help, then you
can contact our experts for the help.
They will help you out in clear your doubts regarding
statistics. And help you to make the best statistics
assignment.
CONCLUSION
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