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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.

Learn more about Statistics-
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## What is a binomial experiment?

A: A binomial experiment is a type of probability distribution in statistics that defines the probability of only two possible outcomes. This experiment invol... Full Answer >Filed Under: -
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## What does "effect size" mean?

A: In statistics, effect size is the magnitude of the difference between two variables. The most common measures of effect size used are the correlation coeff... Full Answer >Filed Under: -
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## What is a favorable outcome in mathematics?

A: In mathematics, particularly in the field of statistics, a "favorable outcome" refers to the result of an event. A favorable outcome divided by all possibl... Full Answer >Filed Under: -
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## What is judgment sampling?

A: Judgment sampling is a method in statistics and quantitative research for non-randomly selecting subjects for study from a population by selecting accordin... Full Answer >Filed Under: