Applications of statistics in daily life

Statistics is the collection of data and its representation or interpretation. Statistics use three means of comparison through the data mean, median &mode

What is Mean..
Mean is used as one of the comparing properties of statistics. It is defined as the average of all the clarifications.

Applications of Mean
It helps teachers to see the average marks of the students. It is used in factories, for the authorities to recognize whether the benefits of the workers is continued or not. It is also used to contrast the salaries of the workers. To calculate the average speed of anything. It is also used by the government to find the income or expenses of any person. Using this the family could balance their expenses with their average income.

How to calculate it?

Example to find the mean: Find the mean of 4,7,2,9,3. Solution: Mean = (4+7+2+9+3)/5=5.

What is median & what are its daily applications

Median is defined as the middle value of any observation.

Its applications in daily life are as follow: It is used to measure the distribution of the earnings Used to find the players height e.g. football players. To find the middle age from the class students. Also used to find the poverty line.

How to find the median of anything?

Example to find the middle value: From the series 7,2,4,9,1,6,8 the middle values is calculated by arranging the series into ascending order that is 1,2,4,6,7,8,9. Here, the median value is 6.

What is mode & what is its importance in our daily life

Mode contains the highest frequency in any data. Its applications areas follows: It is used to influx of the public transport. The no. of games succeeded by any team of players. The frequency of the need of infants. Used to find the number of the mode is also seen in calculation of the wages, in the patients going to the hospitals, the mode of travel etc.

How to calculate mode?

Example to find mode 1,2,3,3,3,4 In this the mode is 3 because it recurs the most.

Group Members
Minahil Habib Ayesha Fareed Huba Nasir Rabbia Manzoor

THANK YOU

Questions Please.