How has statistics been used in health, finance and public policy
Answers
Answer:
public health
We use statistics all the time in public health. We keep records of events (births, deaths, infections, etc.). In most situations, when trying to understand these recorded events, we naturally start talking about trends or averages. Statistics give us an approach to do this more systematically and accurately.
finance
they are quantitative tools widely used in the areas of economics and finance. ... For example, probability and statistics could help to shape effective monetary and fiscal policies and to develop pricing models for financial assets such as equities, bonds, currencies, and derivative securities.
public policy
Federal statistical agencies are charged with delivering unbiased information to the public, businesses, and governments. Government leaders use these statistics to determine funding allocations and to guide the development of federal policies and programs (source).