Although many people regard statistics as just numbers, the importance f statistics in one’s life cannot be over-emphasized. Knowing the difference between the mean, median and mode, is itself a big way of differentiating between the bad and the good choices that one makes in life. My life has been one of the most fulfilling

The present scientific and technological world, which is being shaped through research, has continually depended on statistics to interpret phenomena (McPherson, 2001). In my studies, I have appreciated the importance of statistics in research, which has enabled me to analyzethe facts before accepting anything with a dogmatic aspect of belief. In addition, I have become more critical of the worldthorough the application of statistical concepts to analyze situations and figures. Since I internalized statistical concepts, I cannot just take figure just as they are, but I use statistical calculations, as the measures of central tendency to understand the deeper meaning of the presented figures. Most of all, I have been able to compose good critical essays, with the application of statistics, which has enabled me to shine greatly in my academics.

In the recent past, I have appreciated the role statistics plays in running and planning a home. As I grew up, I have appreciated the competent skills of my parents in planning the resources of the family, in a bid to ensure that we do not run dry at the middle of the month. The skills have enabled me to plan the few assets I own well, as well as, my financial matters. In the home, we do a both monthly and annual budgets that enable us to operate without straining. The budgets help to point in the future, and identify the month when we are likely to strain financially. With such knowledge, we are able to plan ahead and manage the situation n advance. According to McPherson (2001), most familiessucceed in their financial and economic planning through a good application of statistics in budgeting. As can be seen in figure 1.1 below, we use the expenses tracker in our home to substantiate all the expenses that are made daily. At the end of the month, the total expenses in the tracker are very useful in predicting what may happen in the following month. Further, it is very helpful in managing our family resources.

Figure 1.1: Household budget and expenses tracker. (Google).

Statistics has also affected me positively in business and industrial management. Just as a student, we partnered with my colleagues and started a small business in the town. We meet regularly for planning and management purposes. I remember in the first meeting we were looking at the viable business ideas before we settled on one. In order to come up with a viable idea, which has so far picked up very well, we had to survey the statistical data available in regard to the idea. According to Hahn and Doganaskoy (2011), good progress in industry and business is realized through effective application of statistics. McPherson (2001) agrees that business and industrial research has been very useful in determining the path that a business ought to take in order to succeed. After settling n an idea, we continued to apply statistics in the management planning, and in drawing marketing strategies. We have realized big success, as a result of effective application of strategies that were drawn through statistics.

Statistics has also affected my life very much in the aspects of the country politics and governance. In the last general elections, Budgeting process too depends on the available statistics (Hahn and Doganaskoy, 2011). In addition, the government utilizes statistics to govern the citizens effectively. For example, the weather statistics are very useful in determining the travel patterns of the people. In the recent past, I was highly relied on such statistics as I prepared myself to tour an African country.

In sum, statistics is very useful in a person’s life. My life has not been an exception in regard to the effect of statistics. I have appreciated its in the home, the office and the government level, as well as, in business and industry, by both the young and the aged. The application of statistical research data has enabled me to be significant and relevant in any fora that needed my input. I am a witness, thus, of the importance of statistics in one’s life.

References

Hahn, J. G., &Doganaskoy, N. (2011). The role of statistics in business and industry. Hoboken, NJ: John Wiley & Sons.

McPherson, G. (2001). Applying and interpreting statistics: A comprehensive guide. New York, NY: Springer Publishing Company.