About This Chapter
Statistics in Daily Life - Chapter Summary
This collection of math lessons shows you the practical applications of statistics in daily life. Inside the chapter, you'll find engaging and simple lessons that show you the applications of statistical models and break down topics such as inferential statistics and mutually exclusive events. Following each lesson is a short quiz to help you retain important statistics terms and concepts. The chapter is available to study at any time and you can use any computer or mobile device to access the material. Studying this chapter can help you:
- Understand how statistics are applied in everyday life
- Evaluate the purpose of statistical models
- Differentiate between descriptive and inferential statistics
- Define the concept of mutually exclusive events in statistics
1. Application of Statistics in Daily Life
Statistics is a major mathematical component of our world that some depend on and others hardly give a passing glance. Statistics has significant value and is used in areas from government to big business. This lesson gives a brief introduction to this broad field.
2. The Purpose of Statistical Models
Understanding statistics requires that you understand statistical models. This lesson will help you understand the purpose of statistics, statistical models, and types of variables.
3. Descriptive & Inferential Statistics: Definition, Differences & Examples
Descriptive and inferential statistics each give different insights into the nature of the data gathered. One alone cannot give the whole picture. Together, they provide a powerful tool for both description and prediction.
4. Mutually Exclusive in Statistics: Definition, Formula & Examples
In this lesson, we will discuss mutually exclusive events in statistics. We will talk about the definition, give many real-life examples, and compare mutually exclusive events to independent events.
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Other chapters within the Math 98: Math for Everyday Life course
- Basic Numerical Problem Solving Skills
- Simple Math Operations & Mental Math
- Understanding Fractions, Decimals & Percentages
- Understanding Proportions, Ratios & Averages
- Math & Units of Measurement
- Basics of Scientific Notation
- Working with Mathematical Sets
- Solving Math Problems About Money
- Understanding Personal Finance
- Exponential Growth & Decay
- Mathematical Analysis of Voting
- Basics of Graphs & Charts
- Working with Data Sets in Math
- Probability in Daily Life
- Studying for Math 98