The grocery store is a good source of ratios in real life. Using statistics, you can plan the production according to what the customer likes and wants, and you can check the quality of the products far more efficiently with statistical methods. (4) Statistics helps in presenting complex data in a suitable tabular, diagrammatic and graphic form for easy and clear comprehension of the data. Application of Statistics in Psychology. See how different areas of statistics apply to real world problems from fantasy baseball to election polling. -- Created using PowToon -- Free sign up at http://www.powtoon.com/youtube/ -- Create animated videos and animated presentations for free. There are som e of the examples to explain the role of statistic in real life. How do you use that information? For example, if a 10-ounce box of cereal costs $3 and a 20-ounce box of cereal costs $5, the 20 ounce box is the better value because each ounce of cereal is cheaper. To understand statistics in a better way take online statistics help. The Statistics of Everyday Life In This Chapter Encountering statistics in everyday life: what you see and how often you see it Discovering how statistics are used in the workplace T oday’s society is completely taken over by numbers. Weather Forecasts Do you watch the weather forecast sometime during the day? Probability has something to do with a chance. Here is a detailed study guide on MBA in Data Analytics! It is the study of things that might happen or might not. Statistics involves making decisions, and in the business world, you often have to make a quick decision then and there. Psychology is the study of the brain and is a blend of both the science and medical field, Statistics can be used to study human behaviour and prediction of thoughts and actions that may take place in future. Applications of statistics in daily life Statistics is the collection of data and its representation or interpretation. Statistics use three means of compariso… Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. 1. 2013 PSLE T-Score Simulation of 43047 Pupils . 1) Medical Study You can find statistics just about anywhere. We don’t perform actual probability problems in our daily life but use subjective probability to determine the course of action or any judgment. Numbers appear everywhere you look, from billboards telling of … While looking at the prices of various groceries, you can easily illustrate ratios using two different boxes of cereal. Applications of Statistics. In contrast to "everyday" statistics, to not engender bias or unduly draw conclusions, forensic statisticians report likelihoods as likelihood ratios (LR). We use it most of the time, usually without thinking of it. Forensic statistics is the application of probability models and statistical techniques to scientific evidence, such as DNA evidence, and the law. (2) Statistics helps in the proper and efficient planning of a statistical inquiry in any field of study. (3) Statistics helps in collecting appropriate quantitative data. To determine the total T-score distribution, we need know the number of pupils, the average of total T-scores and the standard deviation std. Have you ever heard the forecaster talk about weather models?

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