Question

give examples of situation or issues which could be dealt with through statistical methods​

Answer 1

examples of situations or issues which could be dealt with through statistical methods​ are as follows.

Statistics and their common uses

• Model 1: Weather Forecasting: Measurements are utilized vigorously in the field of weather conditions estimating. Specifically, likelihood is utilized by climate forecasters to evaluate how likely it is that there will be a downpour, snow, mists, and so forth on a given day in a specific region.
• Forecasters will routinely make statements like "there is a 90% opportunity of downpour today between after 5 PM" to show that there's a high probability of downpour during specific hours.
• Model 2: Sales Tracking: Retail organizations frequently utilize engaging insights like the mean, middle, mode, standard deviation, and interquartile reach to follow the business conduct of specific items.
• This provides organizations with a thought of the number of items they can hope to sell during various time spans and permits them to know the amount they ought to keep in stock.
• Model 3: Health Insurance: Health care coverage organizations frequently use insights and likelihood to decide how likely it is that sure people will spend a specific sum on medical services every year.
• For instance, a statistician at a health care coverage organization could utilize factors like age, existing ailments, current wellbeing status, and so on to confirm that there's an 80% likelihood that someone, in particular, will burn through $10,000 or more on medical services in a given year.

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Answer 2

Answer:

The examples are given as follows:

Weather Forecasting:

• These measurements are used in the arena of weather conditions all across the globe.
• It is utilized by climate forecasters on a day-to-day basis in order to evaluate the likelihood of downpour, snow, and mist.

Sales Tracking:

• Retail organizations often use techniques as their calculations revolve around the results of mean, middle, mode, standard deviation, and interquartile.
• They get access to the right kind of information regarding the amount they ought to keep in stock.

Health Insurance:

• They are often witnessed using these insights for determining the likelihood of people spending a specific sum on medical services every year.

These were a few examples of situations or issues which could be dealt with through statistical methods.

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