As per the experts on statistics homework help, learning statistics all the more important because today we live in the information age. Now, much of this information is derived mathematically through the application of statistics. To be more specific about the importance of statistics in our everyday life, we have presented various areas where statistics is applied.
1. Predicting health conditions
Often on the news reports, you may find statistics are being discussed about a disease. If the reporter simply relays the number of people who are either suffering from the disease or who have succumbed to it, it just serves as a piece of information, but it might be inconsequential to you. But when statistics get involved, you will have a better idea of how that disease can affect you as well. Get in touch with a statistics homework helper service, if you are asked to write an assignment on it.
2. Weather reports
Do you keep track of the weather reports on a day-to-day basis? You must have heard the forecaster talk about weather models. These computer-generated models are created using statistics that compare prior weather conditions with the present situation to predict the weather in the future. Learn more about presenting accurate weather report statistics from credible stats homework help.
3. Sale of goods
According to the experts on accounting assignment help services, the sale of products and items revolves around the detailed analysis of the needs of consumers, their preferences and tastes. The parameter of the quality of services, the level of consumer satisfaction and the sales strategies themselves are deciphered by the application of statistical techniques.
Sales teams are analyzed on the basis of frequency tables. The outcomes of these evaluations are turned into parameters that indicate their levels of effectiveness.
4. Sporting events
The records of the athletes are defined as per their performance by the number of games in which they have participated. In the case of football players, the benchmark is the number of goals scored per game.
This is how athletes maintain their performance.
5. Personal finances
The planning and management of personal finance is another vivid example of the application of statistics in our everyday life.
The connection between income and expenses indicates the present financial situation of an individual. Such information serves as a historical basis for the long-term financial stability of an individual.
So, now if you come across a weather forecast on the news or learn about an outbreak of a disease, you’d know how it's done.
