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# Why are statistics important in everyday life?

Statistics help people make informed decisions all the time. For example, statistical evidence of the dangers of smoking causes people to quit, saving lives. Statistics are important in many fields that impact modern daily life, such as product safety within manufacturing and reliability engineering for electronics.

Continue ReadingQuality assurance processes heavily rely on statistics. It is often impossible to fully test all items that roll off a production line, so quality assurance staff check a statistically significant sample of products to ensure safety and quality standards are met. Without this process, there is less assurance that common goods or appliances, such as laptop chargers, are safe to use. More generally, statistical analysis enables reliability engineers to ensure the functionality of systems that people depend on every day, especially within the telecommunications and electronics industries.

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## What are example statistics and probability problems and their solutions?

A: Two examples of probability and statistics problems include finding the probability of outcomes from a single dice roll and the mean of outcomes from a ser... Full Answer >Filed Under: -
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## How are statistics used in accounting?

A: Accountants in various fields, including auditors, forensic accountants, controllers and risk accountants, use statistics to accomplish their professional ... Full Answer >Filed Under: -
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## What is a box-and-whisker plot?

A: The box-and-whisker plot is a technique in statistics that graphically shows the distribution of a set of data involving the minimum and maximum values, as... Full Answer >Filed Under: -
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## How can you predict outcomes?

A: Outcomes can be predicted mathematically using statistics or probability. To determine the probability of an event occurring, take the number of the desire... Full Answer >Filed Under: