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How Statistics Is Applied to Everyday Life and Why It's Useful - Essay Example

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This essay talks about the effectiveness of statistical analysis in different areas of everyday life. The paper also analyzes if the statistics can tell us trends on what happened in the past and can be useful in predicting what will happen in the future…
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How Statistics Is Applied to Everyday Life and Why Its Useful
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"How Statistics Is Applied to Everyday Life and Why It's Useful"

Download file to see previous pages The essay "How Statistics Is Applied to Everyday Life and Why It's Useful" analyzes the areas where statistical analyses can be applied in everyday life and how to do it in the most effective way.
Statistics is defined as a branch of applied mathematics which is concerned with the collection and interpretation of quantitative data, and the use of probability theory to estimate population parameters. It can also be defined as a type of mathematical analysis involving the use of quantified representations, models, and summaries for a given set of empirical data or real world observations.
When used correctly, statistics tell us trends on what happened in the past and can be useful in predicting what will happen in the future. Police around the world in most countries release reports on crimes, mostly annually. These reports give information on whether the crime has reduced or increased over the past year. Crime statistics is collected from records compiled by the police, household survey, and hospital or insurance records.
When people fall victims of criminal activities, they report to the police who record them down. From the number of reports they receive, they can make a conclusion about the frequencies of the crimes, the type of crime and finally be able to come up with conclusive crime rates. The area where the crime occurred is important because it helps in indicating the crime prone areas. After analyzing the data they have, the police make a conclusive report which they often release to the public....
Inferential statistics are procedures that allow researchers to generalize observations made with samples to the larger population from which they were selected. This is concerned with making predictions about a population from observations. Examples include linear regression and correlation analysis. HOW STATISTICS IS APPLIED IN OUR EVERYDAY LIFE AND WHY IT IS USEFUL. When used correctly, statistics tell us trends on what happened in the past and can be useful in predicting what will happen in the future. Use of statistics in tackling criminal activities. Police around the world in most countries release reports on crimes, mostly annually. These reports give information on whether crime has reduced or increased over the past year. Crime statistics is collected from records compiled by the police, household survey and hospital or insurance records. When people fall victims of criminal activities, they report to the police who record them down. From the number of reports they receive, they can make conclusion about the frequencies of the crimes, the type of crime and finally be able to come up with conclusive crime rates. The area where the crime occurred is important because it helps in indicating the crime prone areas. After analyzing the data they have, the police make conclusive report which they often release to the public. The crime rates are useful in determining whether crime has reduced or increased between two relevant periods. The crime rates reported in different cities help tourists know which precautions to take while visiting these cities, and also which places to avoid while there. Political Campaigns and Statistic During campaign periods, the media seeks to know what the public thinks about policies as well as candidate. Polling ...Download file to see next pagesRead More
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