Billboards telling the latest abortion statistics
Sports show discussing the odds for football games
Crime rates
Expected life span of someone who eats junk food
President's approval rating
Articles talking about how many blueberries you need to eat to increase your IQ
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The mean, median range and mode are called sample statistics. They are very important and are mostly used when discussing data and records keeping. YOu can use them in everyday life, by creating a bar graph to represent data, for example, if you are talking a trip, you can decipher who wants to go whee, then narrow it down to the activities that they will enjoy there by creating a bar chart to decide.
Logical decision making. Gambling. Odds.
Not necessarily. Inferential statistics are statistics which are used in making inferences about some distribution. The only requirement is that they are based only on the set of observed values.
Yes, statistics are used in financial formulas if they are available. The integrity and accuracy of the statistics determine if they are chosen to be used in the first place.
properties of mode as used in statistics