Statistics Role In Real Life

Math is a big part of all of our lives especially statistics. Statistics is the branch of mathematics which we use to analyze what is happening in the world around us. Statistics is the collection of data and its representation. Statistics compare data through mean, median and mode. We all have heard that we live in the information age where we deal about the world around us. Most of the information is determined mathematically using statistics. To understand statistics in a better way take online statistics help.

There are some of the examples to explain the role of statistic in real life.

1) Medical Study

Statistics are used behind all the medical study. Statistic help doctors keep track of where the baby should be in his/her mental development. Physician?s also use statistics to examine the effectiveness of treatments.

2) Weather Forecasts

Statistics are very important for observation, analysis and mathematical prediction models. Weather forecast models are built using statistics that compare prior weather conditions with current weather to forecast future weather conditions.

3) Quality Testing

A company makes thousands of products every day and make sure that they sold the best quality items. For a company it is not possible to test each product. So the company uses quality test with the help of statistics.

4) Stock Market

The stock market also uses statistical computer models for stock analysis. Stock analysts get the information about economy using statistics concepts.

5) Consumer Goods

Retailers keeps track of everything they sell and to know the stock using statistics. Worldwide leading retailers use statistics to calculate what products ship to each store and when.

Conclusion

Statistics are an important part of our lives. Help your children with statistics word problems so that they will understand the real life role of statistics. With the help of statistics we can know what happened in the past and what may occur in the future.