Question

In: Statistics and Probability

.Discuss the ways in which you can use statistics in every day Life..  

.Discuss the ways in which you can use statistics in every day Life..

 

Solutions

Expert Solution

Statistics is one of the most important things that we use in our day to day life. In most of the time we use statistics unknowingly that we are using any statistical methods. For example, if we are visiting a supermarket and want to buy some fruit. From a bucket we take some fruits out and check the quality of the fruits. On the basis of this quality check we decide to buy fruits or not. This is a statistical method. In technical term this is called sample survey and statistical inference. Although we are not checking all the available fruits in the fruit bucket, but we are picking up some fruits from the bucket at random and by checking their quality we are forming the an idea about the other available fruits in the fruit bucket. It is not just only a statistical method this philosophy is at the very heart of the theoretical statistics. There are a few other examples which can be considered as a daily example of usage of statistics can be,

If we say that the average score of a class is 62%, then this is also a statistical concept. This means if we want to have a value which can represent the score of all the students present in the class then that will be 62. This is nothing but the arithmetic mean of the class. In statistical this is known as the measure of central tendency. The arithmetic mean is not the only measure of such type. As a similar type of measure median or mode also be considered as representative of the class’s marks.


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