The statistics is the basis for almost all the activities of individuals, group, society, community and country. For example:
- Literacy rate;
- Below poverty line people;
- Employment status;
- Satisfaction level for any activity;
- Exit polls ;
- Average rain fall;
- Average temperatures during different seasons;
- Average rainfall for constructing House, building or office etc.
- Earth quake statistics;
- All insurance activities are based on statistics;
- Risk taking and its predictions;
- Petroleum exploration;
- Monsoon activity in the region ;
and so on -----
\(a) Height of students in this class
(b) Students' preference for Coca-Cola vs. pepsi-cola
(c) Number of siblings of individuals
(d) Amount paid for last haircut
(e) Gender breakdown
(f) Students' guesses of my age
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discuss the different day to day uses of statistics
descriptive statistics
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Credit card companies use average daily balance to calculate interest charges. Each day's balance is added together, and then divided by the number of days in the billing cycle.