Statistics in Everyday Life






Statistics in Everyday Life

As the general living environment becomes dynamic and turbulent, humans are faced with the responsibility of making vital decisions at all times. Responsible decision making enables the respective individuals to avoid conflicts and enhance their quality of life at the same time. Further, effective decision making enables the individuals to perform optimally and improve their personal productivity. This can only be attained if the respective individuals are conversant with the current trends. Their ability to understand and appreciate the implications of previous and future trends enables them to base their decisions on factual information. Further, this enables them to appreciate the decisions that are made by various individuals that they interact with on a daily basis. Ultimately, this plays an important role in enhancing harmonic living by preventing the occurrence as well as escalation of conflicts. This paper provides an in depth analysis of how statistics is used in our daily life.

It cannot be disputed that statistical concepts are vitally important in the day to day life of an individual. Essentially, the use of numbers in undertaking various decisions in our day to day life can not be overstated. During their day to day activities, humans make various interactions as well as vital decisions that require statistical knowledge. For instance, decisions pertaining to budgeting, shopping, purchasing products, selecting products, cooking, doing laundry, participating in sports, making decisions regarding the dress code, farming and so forth require application of statistics. Virtually, all decisions that humans made require a critical understanding of the basic concepts of statistics. These include activities in the domestic, education, sports as well as commercial spheres.

With regard to budgeting, statistics is important in determining the amount of money to employ for various purposes. In the current world, budgeting is of paramount importance as it ensures that all facets of an individual’s life are catered for accordingly. Thus once an individual gets his or her salary, s/he needs to budget accordingly to ensure that priority areas are addressed accordingly. In this regard, statistical principles pertaining to probability, mode and median are imperatively important. For instance, mode in budgeting is useful for determining the priority areas. Factors that occur frequently need to be catered for in a timely manner. Probability on the other hand is useful for forecasting future financial trends. Taking in consideration aspects such as inflation is vital as it ensures that the budget is not negatively affected by the implications of the respective trends.

With respect to shopping, statistical concepts are employed in comparing prices and ensuring that the cost of the shopping in within the stipulated budget. Statistics in this regard is also used to determine the quantities of the products that are purchased as well as their effectiveness in use. Relative decisions regarding the best combination of the products are also useful in ensuring that the user derives the highest degree of benefits from the respective products. Decisions regarding the convenient stores in which to do one’s shopping in are also underpinned on important statistical information. In this regard, it is worth appreciating that there are various convenient stores that offer varied products at different prices. In order to make informed decisions at this point in time, consumers need to know the number of stores that are available as well as their rates with respect to pricing. This enables them to make informed decisions regarding which stores to purchase their products from.

Selection of products also requires basic background knowledge about statistics. Usually, stores provide the consumer with a diverse range of products. The manufacturers of the consumer products are usually many and the products that they provide to the consumer have different qualities. The respective qualities affect consumer preferences in different ways. For these reasons, consumes are expected to make choices that suit their preferences accordingly. Effective decision in this regard requires an understanding of the effectiveness of the respective products. In most instances, consumers determine this using statistical evidence. A significant percentage of decisions made in this respect tend to be based on previous trends. In particular, statistical information pertaining to frequencies of use plays an important role in informing credible decision making.

Cooking is another daily activity that greatly utilizes basic statistical concepts. Usually, this procedure requires an understanding of the quantities of various equipment and materials that are employed for different purposes. Furthermore, an individual needs to know the volume of gas and the quantity of food that needs to be prepared. Further, one needs to understand the ingredients of the food and the amount of time that it would need to cook. Statistical principles pertaining to correlation, frequencies and averaging are undoubtedly useful in this case. Also worth appreciating is the role of statistics in decision making during sporting. Usually, the effort of n athlete tends to be influenced by previous performances. The respective scores of the game as well as loses also utilize important statically information. In most instances, such information is presented statistically and one needs to be conversant with both the statistical and sporting language in order to understand.

In sum, statistics is vitally important in the day o day life of an individual. As it has come out from the preceding study, statistical concepts are useful during budgeting as they enable an individual to make priorities accordingly. During shopping, statistics is important in comparing costs and making decisions that are consistent with the budget. This is also applicable in selection where consumers make choices regarding the quantity and quality of products. During food preparation, statistical knowledge enables an individual to make the right decisions with respect to the quantity of food, the quantity of fuel needed, type and quantities of ingredients to be used and so forth. Relative statistical information is also vital in sports to document scores, losses and make credible inferences regarding performance.

In conclusion, it can not be disputed that statistics is an important field of specification that benefits learners in different ways. Besides being useful in the professional life, it is essential in our day to day life. The decisions that are made by different facets of the population in most instances revolve around finances. As aforementioned, knowledge of statistical principles and concepts enable individuals to make informed decisions. This enhances their quality of life and their productivity. Most importantly, effective decision making eliminates conflicts from human interactions and prevents their escalation whenever they occur. Undoubtedly, statistics influence the life of an individual in different ways. The fact that relative information accredits the decisions that are made implies that statistics should be pursued by all people in all fields and at all levels.

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