Question

Can someone tell me how you can use Statistics in real life,with concrete examples and connect variables of interest with types of data and levels of measurement. Muat be 100 words

Answer 1

In daily life the statistical methods in major FMCG companies. Let me give an example of when you buy something from a store.

The attributes of product were studied in consumer trials using statistical methods. The pricing, packaging and marketing were determined through studies that used statistical methods to determine the best marketing decisions. Even the location of the toothpaste on the supermarket shelf was the result of statistically based studies. When a company that manufactures toothpaste has to employ statistical control techniques it looks to:

1. Control the amount of toothpaste manufactured, it should be consistent across all toothpastes

Variable of use: amount of toothpaste ( in grams) per tube

The type of data: Numerical data, or in other words continuous variable