Copyright © 2020 Statswork. All rights reserved 1

7 Excellent Reasons Why Statistics Are Important

Dr. Nancy Agens, Head,

Technical Operations, Statswork

In Brief

Harry is a pizza shop owner, and he's

perplexed to prefer a better location among

two locations that he already shortlisted.

He created up his mind to conduct a study

to opt for the quintessential area. Location

A is narrow, and he notices that there's a

high school two blocks away, some

business offices accessible, and a

Laundromat not far away. Location B is

more extensive and next to a market with

some business offices scattered around the

space, amidst many vacant tons. If you

were Harry, which might you choose?

I. INTRODUCE

Mark Twain once quoted, “FACTS ARE

STUBBORN THINGS, BUT STATISTICS

ARE PLIABLE.”

You are a statistician in many ways.

Statistics is that the technique of conducting

a study of a couple of specific topics by

aggregation, organizing, decoding, and

eventually presenting data. Statistics are

used to analyze what's happening within the

world around us. In this data-driven world,

all activities of ours are monitored by

someone else every time. Statistics holds a

key position in nearly every field like

Research, Innovation, Commerce, Trading,

etc.; therefore, application of statistics is

incredibly comprehensive.

Statistics help us to convert whatever occurs

in the past can be used in predicting the

future. Let us take some examples which

will help you realise the role of statistics in

your daily life.

1. FORECASTING WEATHER

Do you ever watch the weather outlook

throughout the day time?

We all tend to watch weather forecasts.

Have you ever thought of how does one get

that data and how we use that information?

Forecasters use computer models applied

and build on statistical ideas. These models

compare previous weather with the present

climate and predict future climate.

2. EMERGENCY MANAGEMENT

AGENCY

What if the forecast reports that a cyclone is

close at hand or the tornadoes are possible to

occur? Emergency management agencies get

in the gear mechanism to be able to rescue

folks. Emergency groups believe in getting

informed by statistics once danger may

occur.

Statistics employed mainly by the scientist.

They use their skills to gather relevant

knowledge. Otherwise, it ends up in a loss of

cash, time and data.

3. PREDICTING DISEASE

Statistics play an enormous role in the field

of medicals. Before prescribing any

medication, the scientist should show a

statistically valid rate of effectiveness. For

instance, studies have shown that smoking

causes 80-90 % of cancer. The data ought to

tell you that just about all cancer area

associated with smoking which if you would

like to possess a reasonable probability of

avoiding respiratory organ cancer, you

should quit smoking.

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4. GENETIC ENGINEERING

Many people are grieved with diseases as a

genetic disorder, and these diseases will

probably be passed on to their kids.

Statistics are essential in regulating the

probabilities of a replacement baby being

laid low with the illness. Genetic

Engineering offers the chance of cures for

disease and infinite material enhancements

to lifestyle.

5. POLITICAL CAMPAIGNS

Statistics is vastly vital in politics.

Candidates consult citizen polls to see

wherever and the way they campaign. News

media ask their models once they try and

predict who the winner is.

6. INSURANCE

What is insurance? All of us are insured,

whether it's medical, life or any other

insurance. Statistics are employed to work

out what risk insured poses to an insurance

company, what share of policies is probably

going to pay, and the way abundant cash a

corporation will expect to pay in claims.

7. QUALITY ASSURANCE

Companies create thousands of products

daily, and every company should confirm

that a decent quality item is oversubscribed.

However, a company cannot take a look at

every item that they ship. Thus, they use

statistics to check a couple of, known as a

sample, of what they create. If the sample

passes quality tests, then the corporate

assumes that everything created among the

cluster referred to as a batch, are excellent.

Shortly, there are numerous ways to mess up

and make false conclusions.

If you would like to use data to find out how

the globe works, you want to have statistical

data to trust your knowledge and your

results. There’s simply no means around it.

Even though you're not going through

studies, understanding statistical principles

will assist you in assessing the standard of

alternative studies and also the validity of

their conclusions. Statistical information

will even facilitate your vulnerability to

artful ends that have associate agenda.