Uses of Statistics in our daily life

1. Predictions

The figures help us make predictions about something that is going to happen in
the future. Based on what we face in our daily lives, we make predictions.

Doctors, engineers, artists, and practitioners all use statistics to make predictions
about future events. For example, doctors use statistics to understand the future of
the disease. They can predict the magnitude of the flue in each winter season
through the use of data.

Engineers use statistics to estimate the success of their ongoing project, and they
also use the data to evaluate how long it will take to complete a project.

2. Quality testing

Quality testing is another important use of statistics in every area of life. On a day-to-
day basis, we conduct quality tests to ensure that our purchase is correct and get
the best results from what we spend.

We do a sample test of what we expect to buy to get the best. If the sample test that
we have done passes the quality test, we want to buy it.

3. Weather Forecasts

Have you ever seen weather forecasting? Do you know how the government does the
weather forecasting? Statistics play a crucial role in weather forecasting.

The computer used in weather forecasting is based on the set of statistics

functions. All these statistics function to compare the weather condition with the pre-
recorded seasons and conditions. This helps the government.

4. Emergency Preparedness

Statistics is also helpful in emergency preparedness. With the help of statistics, we can
predict any natural disaster that may happen shortly. It will help us to get prepared
for an emergency. It also helps the rescue team to do the preparation to rescue the
life of the people who are in danger.

5. Predicting Disease

Statistics is even playing a role in the medical field. Statistics help us to know how
many numbers of people are suffering from the disease. It also helps us to
understand how many have died from the same disease.
But the best part of statistics is that it also helps you to find out how much you affected
from the deceased. For example, a study has shown that more than 75% of people are
infected with a disease that is caused by mango. In that case, you might avoid
mango to avoid this disease.

6. Political Campaigns

Statistics are crucial in a political campaign. Without statistics, no one can run a political
campaign with perfection. It helps the politicians to have an idea about how many
chances they have to win an election in a particular area.

Statistics also help the news channel to predict the winner of the election. It also
helps the political parties to know how many candidates are in their support in a
particular voting zone. In contrast, it helps the country to predict the future government.

7. Insurance

Insurance is a vast industry. There are hundreds of insurance i.e. car insurance, bike,
life insurance, and many more. The premium of insurance is based on the statistics.
Insurance companies use the statistics that are collected from various
homeowners, drivers, vehicle registration office, and many more. They receive the
data from all these resources and then decide the premium amount.

8. Consumer Goods

Statistics are widely used in consumer goods products. The reason is consumer goods
are daily used products. The business use statistics to calculate which consumer
goods are available in the store or not.

They also used stats to find out which store needs the consumer goods and when
to ship the products. Even proper statistics decisions are helping the business to
make massive revenue on consumer goods.

9. Financial Market

The financial market completely relies on the financial market. All the stock prices
calculate with the help of statistics. It also helps the investor to take the decision
of investment in the particular stock.

10. Sports

There is lots of uses of statistics in sports. Every sports require statistics to make the
sport more effective. Statistics help the sport person to get the idea about his/her
performance in the particular sports.