The applications of statistics in daily life are reflected in such trivial decisions as to approach public transport outside of peak hours, or not to go to the supermarket on days of salary collection.
These are decisions that result from analysis based on experience and information collected in similar situations.
These applications of statistics are largely reflected in decisions that are made on a daily basis, in most cases unconsciously.
Statistics is a science referred to data that are collected, organized and analyzed in a temporary frame of reference, with the purpose of knowing averages, trends and possibilities.
The top 5 applications of statistics in daily life
1- In the labor field
Statistics are often used in different areas of the labor field. The strategic planning of an organization relies primarily on forecasting and budgeting studies.
The control mechanisms, in charge of compliance departments, are applied based on the historical results obtained from statistical studies.
For example, workplace accident prevention policies are developed based on compiled data related to the risk factors present in the business activity.
2- In the preference for certain marks
Consumers of goods and services generally express preference for certain brands in the market.
This tendency is a product of statistical thinking according to which durability, quality and level of satisfaction are represented to a greater extent by these brands.
3- In personal finances
The financial planning of a person is the vivid example of the application of statistics in daily life.
The relationship between income and expenses determines the current situation of the person. These data serve as a historical basis for the planning of successive commitments (projections) that require the tracing of certain strategies to be achieved.
4- In sports
The records of the athletes are elaborated according to their performance by quantity of games or parties in which they have participated.
In the case of baseball players, their performance is measured by their percentage of batting, runs scored and stolen bases.
In the case of the front soccer players, the benchmark is the number of goals per game played.
The statistical data collected are objective elements that lead to the best use of resources and training. This is how the athletes achieve their maximum performance.
5- On sales
The world of sales is planned based on detailed analyzes of the needs of consumers, their tastes and preferences.
The measurement of the quality of the service, the level of customer satisfaction and the sales strategies themselves are determined by the application of statistical techniques.
Sales teams are evaluated on the basis of frequency tables. The results of these evaluations are converted into parameters that determine their levels of effectiveness.
References
- Application of Statistics in Daily Life. (s.f.). Retrieved on October 22, 2017 from: study.com
- Living with Statistics (s.f.). Retrieved on October 22, 2017 from: censtatd.gov.hk
- Statistics. (s.f.). Retrieved on October 22, 2017 from: encyclopedia.com
- The Statistics of Everyday Life (August 18, 2003). In: atalogimages.wiley.com
- Vidal, A. (s.f.) Probability and Statistics as Helpers in Real Life. Retrieved on October 22, 2017 from: uh.edu