The history of statistics can be traced back to 5 B.C.E. With such an “ancient” and old past,under the direct supervision of numbers of great academics of their time, many today think of themselves as unworthy when it comes to dealing with this subject. The reason behind such thinking is the reason why this subject has not become a “celebrity” like its other contemporary subjects. But the fact is, like any other stream, statistics too has a variety of applications in both academic and in real life. And top case study assignment help services would agree on that. So let us have a look at the top 3 real-life applications of statistics that are too interesting to ignore. Many of them could also be taken as a statistics assignment topic.

In the world of sports, numbers play more than actual players do. With loads and loads of data in the hands of team coaches and managers, they can compare the performance of their players with that of rivals. Statistics in sports like cricket and baseball helps in deciding the batting and bowling/pitching order. On the other hand, in sports like football and cricket, managers could conclude what combination of players to stick with when engaging with a certain kind of team.

Maybe no other field has as so use of statistics than the stock markets has. Be it finding different and typical equity-based ratios, or judging the future performance of companies by glancing back on their past. Anyone who has ever read and understood even a bit of statistics knows that stock markets do not run on luck factors. Top case study assignment help service experts say that stock investors suffer so many monetary miseries because they believe that markets run on sheer luck, instead of basic maths. But by understanding some basic statistical principles, one can know why some people sell their stocks so readily, while others purchase them merrily.

So if we are talking about luck, I guess it’s time to address something that deals purely with it. Though many gambling establishments dislike players who are experts in using statistical theories to predict conclusions, they can’t stop game commissions from using them. Game commission (bodies and individuals) entrusted with the task of conducting fair play use standard deviation and Chi-Square calculations to decide whether casinos are using any unnecessary means to rig the outcomes. But things go south when college students, masquerading as layman gamblers, having their majors in statistics or mathematics, barge in to try their “luck” with the roulette.  Application of Stats on such venues could make for an interesting statistics assignment topic if one could show some interest.

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