7 Excellent Reasons Why Statistics Are Important - Statswork
                     7 EXCELLENT REASONS
WHY STATISTICS ARE 
IMPORTANT
An Academic presentation by
Dr. Nancy Agens, Head, Technical Operations, 
Statswork  Group www.statswork.com
Email: [email protected]
TODAY'S 
DISCUSSION
Outlin
e
Introductio Example Conclusio
n s n
Introductio
n
Mark Twain once quoted, “FACTS ARE STUBBORN THINGS, BUT STATISTICS ARE 
PLIABLE.”
You are a statistician in many ways. Statistics is that the technique of conducting a 
study of  a couple of specific topics by aggregation, organizing, decoding, and 
eventually presenting  data. Statistics are used to analyze what's happening within 
the world around us. In this  data-driven world, all activities of ours are monitored by 
someone else every time. Statistics  holds a key position in nearly every field like 
Research, Innovation, Commerce, Trading,  etc.; therefore, application of statistics is 
incredibly comprehensive.
Exampl
es
Statistics help us to convert whatever occurs in the past can be 
used in  predicting the future.
Let us take some examples which will help you realise the 
role of  statistics in your daily life.
1 FORECASTING 2 EMERGENCY MANAGEMENT 
WEATHER AGENCY
Do you ever watch the weather What if the forecast reports that a 
 outlook throughout the day cyclone is  close at hand or the 
time?  We all tend to watch tornadoes are possible  to occur?
weather  forecasts. Emergency management agencies get in 
Have you ever thought of how does the  gear mechanism to be able to 
 one get that data and how we use rescue folks.
that  information? Emergency groups believe in getting  
Forecasters use computer models  informed by statistics once danger 
applied and build on statistical may  occur.
ideas.  These models compare Statistics employed mainly by the 
previous  weather with the present scientist.  They use their skills to gather 
climate and  predict future climate. relevant  knowledge. Otherwise, it ends 
up in a loss of  cash, time and data.
3 PREDICTING 4 GENETIC 
DISEASE ENGINEERING
Statistics play an enormous role in Many people are grieved with 
the  field of medicals. diseases  as a genetic disorder, and 
Before prescribing any medication, these diseases  will probably be 
the  scientist should show a passed on to their kids.
statistically valid  rate of Statistics are essential in regulating 
effectiveness. the  probabilities of a replacement 
For instance, studies have shown baby  being laid low with the illness.
that  smoking causes 80-90 % of Genetic Engineering offers the 
cancer. chance  of cures for disease and 
The data ought to tell you that just  infinite material  enhancements to 
about all cancer area associated with  lifestyle.
smoking which if you would like to  
possess a reasonable probability of  
avoiding respiratory organ cancer, 
you  should quit smoking.
5 POLITICAL 6 INSURANC
CAMPAIGNS E
Statistics is vastly vital in politics.  What is insurance? All of us are  
Candidates consult citizen polls to insured, whether it's medical, life 
see  wherever and the way they or  any other insurance.
campaign.  News media ask their Statistics are employed to work 
models once  they try and out  what risk insured poses to an  
predict who the winner is. insurance company, what share of  
policies is probably going to pay, 
and  the way abundant cash a 
corporation  will expect to pay in 
claims.
7 QUALITY 
ASSURANCE
Companies create thousands of products daily, and every company 
should  confirm that a decent quality item is oversubscribed.
However, a company cannot take a look at every item that they 
ship.  Thus, they use statistics to check a couple of, known as a 
sample, of what  they create.
If the sample passes quality tests, then the corporate assumes that  
everything created among the cluster referred to as a batch, are 
excellent.
If you would like to use data to find out how the globe 
works,  you want to have statistical data to trust your 
knowledge and  your results.
Conclusio There’s simply no means around it.
n Even though you're not going through studies, understanding  statistical principles will assist you in 
assessing the standard of  alternative studies and also the 
validity of their conclusions.
Statistical information will even facilitate your 
vulnerability to  artful ends that have associate agenda.
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