It is a no-brainer that students often dread to score in mathematics and subjects related to mathematics. Though it might be difficult for the students actually to excel in subjects like trigonometry and statistics, we’re here to tell you that the use of statistics is plenty in everyday life. Apart from gaining your marks on your marks sheet, it boasts other importance in everyday life as well.
Statistics is basically the study that deals with the collection as well as the analysis of different types of data that we deal with, on a daily basis. It is primarily a technique to record, calculate and provide necessary outcomes from a particular set of information. It is a mathematical means to understand the world a little better using quantitative information. Statistics finds its importance in various fields that include:
Certain drugs and other medicines formulated by the chemists in the laboratory depending on the statistics and the markings of various components. Statistics’ makes sure that every component is mixed carefully in the right proportion to get the desired result.
The entire world relies on the natural calamity departments of the respective states and the countries for their daily information on the probability of occurrence of a natural calamity. Statistical methods are implemented to calculate a series of the circumstances of earthquakes, volcanic eruptions and other harmful effects. Precautions and safety measures would be impossible without the help of these statistical data that guards and protects the human race.
One of the main areas in the entertainment field is in sports where statistics finds its use in determining the scores of a particular team and drawing outcomes from the available data. It is also not wrong to mention that statistics is one of the primary tools that also help in determining the skill level of the players and their tendency to win or lose a match.
If you’ve dealt with insurances, the payment of loans, taxes, and other money-related affairs, then you’re aware of what we’re talking about! The automatic sites that provide outcomes based on the data provided also works on statistics in the back end.
The reasons mentioned above points us to the importance of statistics not only for the students from a commerce background, but students in general to learn the basic concepts of statistics. There exist online platforms that train the students in learning the basics and advance concepts of statistics, both for academic benefits and to tackle everyday life problems. The mystatlab answers key provides answers to all the questions tackled in the online site and relieves you from the assignments as well as other quizzes and tasks.