STATISTICS IN REAL LIFE

BY MEHAK SETH AND SHRADDHA RASTOGI

 WHAT IS STATISTICS ?
“Statistics is a way to get information from data”

STATISTICS

DATA INFORMATION

FACTS ,ESPECIALLY
KNOWLEDGE
NUMERICAL
COMMUNICATED
FACTS ,COLLECTED
CONCERNING
TOGETHER FOR
SOME PARTICULAR
REFERENCE OR
FACT
INFORMATION
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 USE OF STATISTICS IN
OUR TODAY’S LIFE
Today,statistics is widely employed in government ,business
and natural and social sciences.
Statistical methods are applied in all fields that invole:-
▪ Decision making
▪ Accurate inferences from collected body of data
▪ And making decisions in the face of uncertainity

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 USE OF STATISTICS IN REAL LIFE
1.WEATHER FORECAST
Today, weather related data and scientific
discipline of statistics are much more
sophisticated. The data ,for example,are now
collected through satellites ,barometers,radars
and many other instruments that are located
on land,in water and the atmosphere.
▪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 .

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2.INDUSTRIES AND BUSINESS
b)PERFORMANCE C)CUSTOMER
a)PERFORMANCE
MEASUREMENT BOOST DATA
Statistics not only help
Many business leaders Effective collection
rely on key measure business
performance,but
and mining of
performance statistical data
indicators or KPIs , can also provide a
means for boosting can yield valuable
to measure how well
their companies it.some firms even insight for
operate. use data and companies about
statistics to the likes, dislikes
experiment with and buying habits
ways to improve
of their customers
management
decisions ,final
reported

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3.AGRICULTURE

Statistics in agriculture are of

great importance in a variety of
areas ,one of the most important
of these is to ascertain the
volume of crop that needs to be
produced,based on the output
and demand of the previous year.
For example- amount of crops
grown in comparision to
previous year,in GDP etc.
+

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4)GOOGLE
Statistics also back programs such
as google translate which uses data
to perform on-line translations and
work as search engine.statistics are
used in both of these instances by Place your screenshot here

using the spoken or typed word and

changing it into a sequence of
numbers that matches it with
known dictionaries.

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USE OF STATISTICS IN COMPUTER SCIENCE

Data mining
Data mining is performed with the help of statistics by
using functions to find irregularities or inconsistencies
within data.

Networking
Statistics are also used in other traffic modeling,whereby
available bandwidth is exploited to be usable while the use
of statistical programs avoid network congestion.
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Others
Statistics uses in computer science includes quality
management , software engineering , software and retrieval
processes and software hardware engineering and
manufacturing .

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Success in psychology would be impossible without the systematic study of human behaviour, often analysing
results statistically .

Teachers need to see what teaching methods work on which students and understand why . They also should
evaluate test items to determine if students are performing in expected way . At all levels of education and testing
there are statistical reports about student’s performance

In news reports, statistics about a disease are reported . it simply tells number of people who either have the
disease or who have died from it . For example, studies have shown that 85 to 90 percent of lung cancers are
smoking related . The statistics should tell you that almost all lung cancers are related to smoking and that if
you want to have a good chance of avoiding lung cancer you shouldn’t smoke .
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Many people are afflicted with diseases that come from their genetic make-up and these diseases can potentially be
passed on their children . Statistics are critical in determining the chances of a new baby being affected by the
disease.

Whenever there is an election , the news organisation consult their models when they try to predict who the winner
is . Candidates consult voter polls to determine where and how they campaign . Statistics play a part in who your
elected government officials will be .

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Companies take thousands of products every day and each company must make sure that a good quality item is sold
. But a company cannot test each and every item they sell to customer .Thus the company uses statistics to test a
few, called sample, of what they make . If the sample passes the quality tests then the company assumes that all the
items made in the group, called the batch, are good .

Another topic you hear a lot about in the news is stock market . Stock analysts also use statistical computer
models to forecast what is happening in the economy .

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Bankers use statistical approaches to estimate the number of people who will be making deposits compared to the
number of people requesting loans .

In business using statistics, you can plan the production according to what the customer likes and wants , and
you can check the quality of products far more efficiently with statistical methods . In fact, many business
activities can be completed with statistics including deciding a new location, marketing the product, and
estimating what the profit will be on a new product .

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You know that in order to drive your car you are required by law to have car insurance . If you have a mortgage on
your house, you must have it insured as well . The rate that the insurance company charges you is based upon
statistics from all drivers or homeowners in your area.

Wal-Mart, a worldwide leading retailer, keeps track of everything they sell and use statistics to calculate what to
ship to each store and when . From analysing their vast store of information , for example Wal-Mart got to know
that people buy strawberry pop tarts when a hurricane is predicted in Florida . So they ship this product to Florida
stores based upon this weather forecast .

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● A nation’s government runs on statistics . They use statistical data to make their decisions regarding any
number of things . Most federal and provincial budgets are designed upon statistical data because it is the
most accurate data available when estimating expected expenditures and revenue .

● Another great example of statistics in the government is figuring out whether or not to raise the
minimum wage due to a rise in the cost of living . Statistical data gives the government the best idea
regarding whether or not the cost of living will continue to rise .

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