Probability is the combination of sets and subsets. 10 Everyday Reasons Why Statistics Are Important Statistics are sets of mathematical equations that are used to analyze what is happening in the world around us. The phrase probable is often used in our daily The profit percentages of their business. Odds for the event of the year. Outline of Talk What is Statistics? Miles per gallon of the gas they use in their car. The linear trend is another example of a data “statistic”. The current trend of variable X. analytic skills. The objects comprising the set are called elements. Statistics are part of our everyday life. Even if the field of statistics is not your primary field of study, it can help you make an impact in your chosen field. The fourth reason to study statistics is to be an informed consumer. Statistical analyses are used in almost all fields to make sense of the vast amount of data that are available. STATISTICS It is a mathematical science pertaining to the collection, analysis, interpretation or explanation, and presentation of … Statistic in Daily Life 1. The study of statistics will serve to enhance and further develop these skills. But They Will Daily Pontificate About: Olli at University of Illinois ©NAR October 14, 2019. Statistics are often used in different areas of the labor field. most commonly used statistics are the average (or “mean”) value, and the “standard deviation”, which is a measure of the variability within a data set around the mean value. To do well in statistics one must develop and use formal logical thinking abilities that are both high level and creative. 152-15-5806 Md.Iftiar Hossain 152-15-5605 Md.Abu Shaik 152-15-5612 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 term “Probability” in Statistics refers to the chances obtained of an event among a large number of possibilities. A collection of well defined is called a set. Use Statistics to Make an Impact in Your Field. For example, most Four examples of statistical decisions in daily life – why statistics education matters Introducing Statistics into grades K-12 in US Previous attempts Common Core State Standards; revisit examples More examples of statistics in daily life (as time permits) Maruf Hasan. The Probability in Everyday Life In This Chapter Recognizing the prevalence and impact of probability in your everyday life Taking different approaches to finding probabilities ... Ohio State, to all the statistics from Ohio State football over the last 100 years. 14 Sports statistics. CLASS :- X LOTUS GROUP NO:- VI 2. The “variance” is the square of the standard deviation. Use of statistics in real life 1. Like any other tool, statistics can be used or misused. 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