Analysis on the Application of Statistics in Life

The application of statistics in life is as follows:

Because of its own application characteristics, statistics is not irrelevant to people's daily life as many people think. On the contrary, it is closely related to our daily life, and examples related to statistical knowledge can be seen everywhere around us.

For example, when we take a high-speed train or plane to go on business or travel in other places, although there is a possibility of an accident, we often ignore it because of the low probability, and then continue to ride: the media interviews passers-by randomly in the street in order to have a holistic view of a hot event or topic.

In addition, statistics play an increasingly important role in our lives with its unique attributes. From the perspective of social and economic management, using statistical theory can make the government, enterprises and institutions make more realistic decisions.

For example, in order to obtain information such as population, income, gross national product, education popularization and employment rate. The government can estimate the relevant indicators of the whole society through the statistics and analysis of the survey data, and then provide reliable data support for formulating relevant policies and measures:

In order to realize its own development, enterprises can evaluate and select the projects to be implemented, and then compare the expected profit of each project with the development goal of the enterprise, so as to choose the projects close to the development goal of the enterprise and in line with the risk tolerance of the enterprise.

From the perspective of personal cognition and decision-making, the application of statistical theory can enhance personal understanding and knowledge of things, which is conducive to making better decisions.

For example, as we all know, the probability of winning a lottery ticket is extremely low, but some people have invested a lot of time and money in this area, hoping to get huge returns.

If these people master statistical knowledge, they can have a clearer understanding of buying lottery tickets, so as to make more rational decisions and not blindly pursue excess returns; When individuals invest in stocks and securities;

If you master statistical knowledge, you can reasonably estimate the expected performance of the target company on the basis of detailed analysis of the previous data, so as to make investment decisions in line with market rules.