WHAT IS STATISTICS ?

• Statistics is the branch of mathematics that is all about

the gathering, observing, interpretation, presentation,
and organization of data. In simpler words, it is a field
to collect and summarize data.
APPLICATIONS OF STATISTICS

• WEATHER FORECASTING
• FINANCIAL MARKET
• SPORTS
• EDUCATION
• HEALTH CARE
• POLITICAL CAMPAIGNS
WEATHER FORECASTING

• This is the important application of statistics.

Although weather is said to be an immediate
phenomenon happening on its own, it depends
on certain factors.
• These factors change from region to region and
have a scientific basis. Using the factors that
determine the weather like the rate of
evaporation, humidity, etc Statistics are drawn
and then the weather forecasts are done for
different regions
 FINANCIAL MARKET

• Statistics is a tool that helps in analyzing data and

making predictions in finance. Statistics can help
businesses and individuals evaluate performance,
develop investment strategies, and understand
market trends.
• The investment in the stock market, too, is done
seeing the statistics that are used to calculate the
prices of the stock. The statistics may sometimes
help figure out when and where one can invest in
order to gain profit.
SPORTS

• sportspersons use statistics to get an idea

about their various sports performances so
that they could improve upon them next time.
This technique has gained popularity
nowadays since sports is developing at a fast
pace and immense practice is required to
compete at international level.
• Statistics can also help to determine the
winner or loser of a game based on the data
collected during the game.
EDUCATION

• In the field of education, statistics is used to collect, analyze, interpret, and present
data . It is used to understand student performance, spot trends, and compare teaching
methods.
• For example :

• Just from looking at this bar chart,

the teacher will be able to tell that the
average exam score of students in the
class is slowly decreasing as the year
goes on.
 HEALTH CARE

• Statistics are made from the data collected from

the hospitals. Then reports are made as to how
many people are infected from the particular
disease- how many have them get cured
• Data is also made available with respect to the
medicines being administered and how effective
these medicines are.
 POLITICAL CAMPAIGNS

• political domain uses the statistics to find out their chances of winning in a
particular area. Factors that are considered in making these statistics can
be the type of voters in a region, that is, is there a majority of young
voters, middle-aged or old ones.
• The politicians make their preparations according to the data. They may
also refer to previous statistics to get to know the demands of the people
of the region and then address those demands in their agenda.
ANY QUERIES?
THANK YOU
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