What Is the Importance of Statistics in People’s Daily Lives?
People use statistics daily for weather forecasts, predicting disease, preparing for emergencies, medical research, political campaigns, tracking sales, genetics, insurance, the stock market and quality testing. Statistics lends credibility to these industries and makes it easier to track different things in the industry.
One important use of statistics is helping people to prevent certain diseases by knowing their risk. Doctors and scientists use statistics to determine how likely it is for someone to develop a disease. For example, Americans have about a 40.2 percent risk of developing diabetes at some point in their lifetime. Scientists and doctors determine these statistics through medical research.