Basic Statistics

USES OF STATISTICS charts, they document the timing of

ECONOMICS medication given to the patients and other
records of the patients. Overall statistics
Statistics helps in the compilation, help the nurses provide the best possible
processing, dissemination, and analysis of care to their parents and maintain their
economic data. As you have seen, daily, weekly or monthly records.
economists criticize government policies
on the negative side. But do you know USES OF STATISTICS
how they do it? They do it with the help PSYCHOLOGISTS
of statistical evidence that is obtained
It is pretty hard for most students to digest
from various resources. Statistics help us
that statistics is also helpful in statistics.
to implement economic operations with
Yes, it allows psychologists to present
ease. It is also one of the significant uses
data easier to comprehend. It means that it
of statistics in our daily life because
helps the psychologist visualize the data
economics have a crucial role in our life.
with the help of graphs, pie charts,
USES OF STATISTICS MACHINE scatterplots etc. Other than that, some
LEARNING statistics operations, such as frequency
distributions, also help psychologists get
Machine learning is the present, and it better data patterns. In this way, they offer
will be the future. Did you know that the the best cure to their patients.
foundation of machine learning is
statistics? If you want to be good at USES OF STATSITICS
machine learning, you should have a deep CRYPTOCURRENCY
understanding of statistics. Machine
Cryptocurrency is the most popular
learning uses most statistics concepts such
decentralized currency. It is a digital
as regression, correlation, modelling and
currency and also relies on statistics. The
many more. It also uses statistical
primary concept used in cryptocurrency is
hypothesis tests and estimation statistics.
the standard error. Yes, you hear it
It also uses statistical algorithms to
right; cryptocurrency also uses various
provide data insights and build the most
statistics concepts for its smooth
powerful applications.
operations. Cryptocurrency trading is also
USES OF STATISTICS NURSES based on statistics.

Nurses also rely on statistics to identify There are plenty of traders around the
patterns in visual signs and symptoms. world who invest in cryptocurrency, and
They use statistics to better respond to the for this, they use statistics to predict the
patient’s conditions and medical status. cryptocurrency’s price. Apart from that,
Apart from that, they also use various the cryptocurrency’s companies also
statistics software such as MS Excel to perform various statistics operations for
maintain the frequency charts. In these the smooth run of their crypto coin. The
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Basic Statistics

polarity of cryptocurrencies leads the daily life because we always use weather
significant uses of statistics in daily life. forecast in our life.
USES OF STATISTICS USES OF STATISTICS
EDUCATION INSURANCE
Statistics is a crucial part of our education Several insurance companies in the
system. That is why it becomes one of the market provide insurance for vehicles,
crucial uses of statistics in daily life. It is houses, life, health, etc. Insurance
utilized to examine the progress of a class companies use various statistical data to
as compared to students of other courses. decide the amount of insurance. Likewise,
With the help of statistics, teachers can for life insurance, they consider statistics
analyze each student’s performance about age, lifestyle, job, gender, credit
individually. A detailed analysis is always score, amount of coverage, medical
crucial for understanding why a particular history, type of coverage, etc.
student lacks in education and what
The collected data is analyzed and
actions to take to improve it.
processed, and then the insurance score is
Teachers can utilize statistical techniques determined. An insurance score helps the
to determine education methods to help an insurance agency determine the risk that
individual student. The mental ability, the insurance company might take to
intellectual ability, and interests of each provide you insurance. Then they use the
student vary. Based on these qualities of insurance score to determine the
an individual, the teacher should provide premium. These are some of the practical
separate guidance to the students, and this uses of statistics in daily life in the
advice must be as per the statistics. insurance field.
USES OF STATISTICS WEATHER USES OF STATISTICS DISEASE
FORECASTING PREDICTION
Weather forecasting is an excellent Statistics plays a vital role in the medical
application of statistics. Quantitative data field. The medical field makes use of
is gathered about the atmosphere’s current Statistics for the prediction of disease. It
status, and meteorology is used to predict helps to count the number of people
atmospheric changes. Meteorologists use suffering from a specific illness and die
rigorous scientific techniques to generate because of that disease. Statistics is also
relevant information from data. utilized to determine the affected ratio of
the body from that particular disease.
In contrast, they use the statistics of
atmospheric pressure, temperature, Statistics are also helpful to find out the
humidity, rain, and speed to predict cause of illness to take preventive actions.
upcoming weather situations. It is also For example, a statistical survey report
one of the significant uses of statistics in indicates that it is found that the average
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Basic Statistics

number of people get lung problems after the uses of statistics in daily life are
they start smoking cigarettes. always helpful in politics in numerous
ways. Likewise, several news channels
USES OF STATISTICS BUSINESS also organize surveys and predict voting
There are multiple uses of statistics in results.
business. A successful business is
USES OF STATISTICS
dependent upon reliable statistics of the
EMERGENCY SITUATION
market. Each successful company uses
statistics to grow in the market. Statistics are beneficial to predict natural
Companies also use many statistical tools disasters. It helps the Government and the
for various statistics operations, such as people to prepare for any emergency.
median, mode, mean, bar graphs, bell Statistical tools also play a significant role
curve, and probability. Statistics in in predicting upcoming natural disasters,
business is quite helpful to analyze the enabling everyone to prepare accordingly.
trending goods and price trends of those Rescue teams also prepared in advance to
products. reduce the level of casualties.
Business companies also calculate the Statistics also play a crucial role in the
availability of goods in stock by statistics. management of Emergencies, i.e.,
Companies need to get information about earthquakes, floods, heatwaves, volcanic
which store needs the product and the eruptions, etc. It is one of the significant
demand. These stats help to fulfil the uses of statistics in daily life.
product demands of the stores. With the
help of statistics, companies also analyze USES OF STATISTICS SPORTS
expected sales trends that help them plan There are several uses of statistics in
future actions. Statistics data is always sports. A sportsman gets an idea about his
valuable for business for market analysis. play and the performance of other players.
Thus it becomes one of the major uses of By using statistics, a team can expect the
statistics in daily life. performance of the other team. Based on
USES OF STATISTICS POLITICS that expectation, a team can plan their
practice sessions. There are two types of
Statistics play a significant role in sports statistics.
Politics. The use of statistics in politics is
growing at a rapid base. Nowadays, most An on-field analytic is all about
political campaigns use statistics for better increasing the performance of team
organization. It is essential to analyze the players on the playground. A team can
winning chances before elections. maintain game plans and players’ fitness
with on-field statistics.
Politicians must know their chances of
winning and the number of voters in their On the other hand, off-field analytics
support. Moreover, it has been seen that helps sports organizations to improve
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Basic Statistics

their business. It helps them to decide C = collecting

ticket price, fan engagement, etc.
O = organizing
USES OF STATISTICS
S = summarizing
GOVERNMENT
P = presenting
The uses of statistics for the Government
are numerous. The Government uses A = analyzing
statistics to make decisions about
I = interpreting
education, policies, population, etc. Some
applications of statistics in Government TRIVIA ABOUT STATISTICS
are as follows.
1. It was 435B.C. , when the first Roman
The Government provides medical Census was taken.
requirements to the people of a specific 2. Captain John Graunt = who made the
area by examining the number of patients first scientific analysis publicly
of a particular disease. recorded data.
3. Henri VIII who initiated the
The Government uses statistics to decide
registration of death.
the curriculum for students. Statistics
4. In modern times, the development of
tools help in the cost calculation of every
probability theory emerged, when it
government project.
was used in gambling and other games
Various campaigns were organized for of chance.
people’s awareness are also based on
statistical analysis.
APPLICATION OF STATISTICS
1. School
USES OF ADVANCED STATISTICS
2. Medicine
WITH COMPUTER APPLICATIONS
3. Business
1. Science and Research 4. Agriculture
2. Government and Business
In Business, statistics is useful in the areas
3. Education
of finance, production, quality control,
4. Medicine and Health
promotion and advertising and marketing.
5. Social Studies
6. Science and Environment TWO MAJOR CONCERNS OF
7. Science and Technology Data STATISTICS:
8. Literature and Analysis
 Descriptive or Deductive Statistics =
STATISTICS therefore, is defined as the are those methods involving
branch of science dealing with the summarization, presentation,
methods of COSPAI with respect to computation and interpretation of data
quantitative data.

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Basic Statistics

in order to describe the various  Population = refers to the totality of

features of the set of data properly. the observation w/ which we are
concerned.
Ex. BSU Students, PUP Students (all,
 Sample = is small part of population.
population size)
It could also be referred to as a
Examples of Descriptive Statistics: subgroup, subset, or representative of
population.
1. At least 5% of all fires reported last
 Parameter = is any numerical value
year in MM were deliberately set by
describing a characteristic of a
arsonists.
population. It is also known as the true
2. Of all babies who have received BGC
or actual value.
vaccine at the Malolos Prov’l Hospital
in the 1st quarter of 2006, did not  Statistic – is any numerical value
develop fever. describing a characteristic of a
3. Of the 560 students in College sample.
Algebra who took final examination  Data are facts or set of information or
only 5% did not make it. observations under consideration
 Inferential of Inductive Statistics = are gathered by a researcher from a
those methods that aim to give population or from a sample.
inferences or implication regarding Two Types of Data:
the characteristics of the population
by studying its representative sample.  Qualitative Data are data which
assume values that manifest the
Ex. A part or sample of the population concept of attributes. Also called
(Some, selected, survey, estimate, categorical data. Ex of Qualitative Data
predicts) = color of the eyes.
 Quantitative Data are data which are
Examples of Inferential Statistics:
numerical in nature. Can be obtained
1. As a result of the recent survey, from counting or measuring. Ex of
PGMA’s popularity has gone down Quantitative Data = height of a
dramatically. person
2. As a result of the recent examination  Variable is characteristic of a
of the E-vat law, we can expect the population or sample which
prices to go higher during the holiday. differentiates members for, each other.
3. Based on the results on the annual
population census from 1995 to 2005, Two type of Variable:
the Phil Pop. Es expected to increase  Discrete Variable is one that can
by 35% by the year 2010. assume specific values only (whole
numbers). The values of a discrete
TERMINOLOGIES
variable are obtained through the
process of counting. Ex of Discrete
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Basic Statistics

Variable = number of a cellphone in a

cabinet (through counting)

 Continuous Variable is one that can

assume infinite values within a
specified interval. The values are
obtained through measuring. Ex of
Continuous Variable = height of a person
(through measuring)
FOUR DIFFERENT SCALES OF
MEASUREMENT IN STATISTICS:
Measurement is defined as the assignment
of symbols or numerals to objects or
events according to some rules.
1. Nominal Scale = the most primitive
level of measurement. This scale is
used to distinguish one object from
another for identification. Ex. Gender,
civil status
2. Ordinal Scale, data are arranged in
some specified order or rank. Ex
honor students, ranking of contestant
in a beauty contest.
3. Interval Scale, determine the amount
of difference between two objects or
data. Ex. Ralph got 90 and Love got
85 in an examination, then we can say
that Ralph got higher than Love by 5
points.
4. Ratio Scale, has an absolute or true
zero point. It has always units of units
of measure. Ex Noah is 40 years old
and Lyka is 20 years old., then we say
that Noah is twice as old as Lyka.

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