consist of a set of math equations used to make an analysis of the
trends of the real world. When used correctly, statistics can be used
to find out the trend of things that have happened in the past. The
same thing can also be used to predict the trend of things that can
happen in future.
In this article,
we will discuss the different applications of statistics in our daily
life. So pay attention as closely as possible. Let’s begin.
incorporates the use of statistics in research and development to
find out the effectiveness of a drug.
analysis of various drug use trends can reveal a substantial amount
of vital information for further development of medical science for
good. Statistics contribute a lot in that.
scientists are also compelled to show the statistical effectiveness
of a drug to the authorities before releasing the drug for use in the
mass market. This helps a lot in the reduction of side effects and
several other possible fatalities that might have easily occurred as
a result of the new drug use. If this isn’t a benefit; what is?
If you watch the
forecast of the weather closely on TV, you will notice that the
forecasters talk a lot about weather models.
Now all these
weather models are nothing but computer models built on a firm base
of statistics. The weather is forecasted by comparing previous
weather forecasting data with that of the present one. So you see the
importance of statistics cannot be stressed well enough, especially
when the study of meteorology is concerned of the lot.
This one is more
or less connected to the point number 2 highlighted up above.
us predict the occurrence of natural calamities in a particular area.
Now, what happens if the forecast predicts the occurrence of a
tornado in a certain region? What if it also predicts the fact that a
hurricane is going to strike a particular region soon?
immediately leap themselves into action as a result of such news
involving themselves in a mass evacuation. So, in a sense, we can say
that statistics do help to save a whole lot of lives, especially when
the situation calls for the most.
Many diseases are
considered genetic in nature. As a result, most of these diseases
have the chances to pass over to the children (such as the likes of
the Thalassemia, Hemophilia, Cystic fibrosis, Down Syndrome, and so
on) if no step is taken to keep the problem at bay in the best
Statistics play a
crucial role in determining the fact whether the new born baby will
be affected by the disease or not. If the odds aren’t found in the
baby’s favor, doctors take immediate measures to check the disorder
to the best of their abilities, and in many cases, they do succeed.
So you see
statistics does play a huge role in improving life for the good.
a vital role in determining the insurance value of commodities from
cars to houses and so on.
If you buy
yourself a brand new car, you may have to go for insurance, by law.
The insurance company decides the charge on the basis of the
statistical data obtained from all the drivers or the homeowners in
your area. So you see the contributions of statistics in insurance
can never be ignored in any way whatsoever.
analysts use some sort of a computer model to forecast the rise or
the fall of the economy. This computer model is again based on
statistical data, comprising of both the past and the present data,
are part and parcel of every political campaign. Most news channels
try to make this prediction on basis of statistics.
They also try
their best to highlight the winning percentage of votes from
statistical data and make their viewers aware of the same. So this
again counts to be another application of statistics in real life for
So to sum up, we
can easily say that statistics does play an important role in our
daily life, and at the same time, can also have some lucrative career
prospects if pursued the right way. With that, we will bring this
article to an end for now. Hope you had a great read.