Statistics - Essay Example

Essay, statistics Statistics are scientific equations that are used in analyzing what happens in normal daily life. Data tells us about what might happen in future as well as what happened in the past. Recently, statistics has enabled me to understand the stock exchange in the stock market (Freedman et al., 2008). I used to hear a lot of news talking of stock market but I was not in a position to internalize what mathematical equations were behind the determination of future stock exchange. Through statistical knowledge that I have acquired, I am now in a position to analyze the stock using statistical computer model and even forecast what might happen in our economy.

Statistics has greatly enabled me to fully understand the weather changes. Before I learned statistics, I could just hear the theory of weather forecasting dominating the news but I could not believe that in real sense it can be forecasted. Through learning statistics and acquiring the relevant skills, I can build statistics and use the computer representations to compare the previous weather condition with the current one, then predict future weather patterns. Additionally, statistics has enabled me to predict the deadly diseases that one can contract.

I used to hear of bulletin journalists reporting the number of people who perished from a chronic disease like liver cirrhosis that was meaningless to me (Freedman et al., 2008). When statistics came in, I could comprehend how it can even affect me. I heard of studies showing that almost 90% of individuals who drink alcohol are likely to contract liver cirrhosis. This tells me that a large number of people who die from alcohol consumption. Apparently, if I do not want to die from such a disease, then I should not drink alcohol.

In conclusion, statistics is hypothetically and practically effectual and should therefore be used for the betterment of our lives. ReferenceFreedman, D., Pisani, R., & Purves, R. (2008). Statistics. New York: Norton.