Practical Applications of Mathematics and Statistics in Daily Life

Let us begin with a quote from an excellent Indian mathematician who surprised one and all with her mathematical brilliance- Shakuntala Devi. She once said, "Without mathematics, you can do nothing. Everything around you is mathematics. Everything around you is numbers."

People looking to pursue a BSc (Hons) Mathematics at top universities of Rajasthan should understand the application of mathematics and statistics to leverage the true potential of these highly useful subjects with practical usage in diverse sectors.

And we recommend Manipal University Jaipur to study industry-ready programs in mathematics and statistics including BSc (Hons) Mathematics and MSc in Mathematics. Keep scrolling to learn more.

Skills You Develop by Studying Mathematics and Statistics

Skills in mathematics and statistics have multiple applications in our daily lives and diverse industries beyond its core fields, including computing, research, space programs, finance, law, business, and management.

Students develop the following skills with a quality BSc (Hons) Mathematics from top universities of Rajasthan.

Critical Thinking
Problem-Solving
Data Analysis and Modelling
Logical Thinking
Computer Literacy
Organisational Ability

Graduates with mentioned skills are highly sought after by several organisations for multiple job roles. Statistics and mathematics improve your problem-solving and analytical abilities. Studies suggest students skilled in mathematics and statistics are better at;

Organising and preparing structure
Thinking critically, creatively, strategically and logically to find smart solutions for regular lives, workplace and business challenges
Finding and forming patterns
Carrying out procedures accurately and flexibly
Dealing with abstract concepts and drawing conclusions
Data-based effective communication and process
Analysing large and complex data for sustainable solutions
Approaching problems rigorously and with an analytical method

Now that we understand how mathematics and statistics would improve your skills and prepare industry-ready professionals, let us explore in detail different ways we can employ mathematical and statistical methods in our regular lives.

Practical Applications of Mathematics and Statistics in Regular Lives

1. Money Management

You require mathematics for budgeting. From buying milk to groceries to fruits, you apply mathematics to calculate expenses before paying via UPI or cash. Some people maintain excel sheets to calculate monthly expenses, calculate and pay on the pay day.

You require mathematics for interest rate calculations while making investments and applying for loans (personal loans, home loans, etc.)

People calculate return on investments while trading on the stock market, beginning SIP (mutual funds) and more. When taking general or life insurance, you require calculations regarding premiums, interest, returns, etc.

These activities usually cover our regular lives, and mathematics is our buddy throughout the day.

2. Measurements and Quantities

Mathematics is practical for measuring distances, converting units, and calculating volumes and areas. From buying vegetables and fruits to things which come with weight, they require knowledge of mathematics to ensure the right value and weight.

People looking to buy a plot for residential or commercial purposes are required to measure and ensure carpet area, floor area, height and width of windows and other stuff, etc. With a solid grasp of mathematical formulas, you can conveniently confirm weight and dimensions and get the desired details of your property.

If you are a travel buff or plan to go on a trip, you must calculate and prepare a budget, including bookings for accommodations, local travelling, dining, and more.

3. Problem Solving and Critical Thinking

Mathematical and statistical models are base for analytical tools like Google Analytics, Facebook Analytical Tool, etc. With a firm grasp of mathematics and a BSc (Hons) Mathematics degree from one of the best universities in Rajasthan, you can analyse data efficiently, critically analyse them, and make informed decisions.

Top universities like Manipal University Jaipur encourage students to participate in experiential activities and develop problem-solving skills for daily life, workplaces, and businesses.

4. Time Management

You must manage your time efficiently, from preparing for exams to preparing for the office. Mathematics helps you to design a table for exams and a daily schedule for a job or business.

Preparing a schedule and finishing work on time accordingly improves your productivity and ensures a successful life and career. As they say, "early birds get the worms."

5. Driving, GPS and Maps

Geometry and trigonometry models are used to develop maps and GPS. Globally, Artificial Intelligence has enabled advanced features in maps and GPS for convenient driving and directions.

AI tools and techniques use statistical methods to predict and learn from data. Driving, maps, and GPS have become integral to our regular lives. We can set the location and navigate from one place to another seamlessly. With further advancements in AI in GPS and maps, drivers will get recommendations about roads with less traffic, the next stop for a meal, etc.

6. Traffic Pattern and Travel Time Estimates

Statistical methods are base for planning traffic patterns and travel time estimates. ETA (Estimated Travel Time) has become part of our lives in terms of cab aggregators, waiting for your train and more.

7. Cooking

Culinary delights are all about calculations and measurements. Cooking with correct measurements makes it possible to mix and generate desired aromas and tastes.

8. Trend Predictions

Statistics help to predict trends and patterns of specific social and political parameters. Social surveys and political exit polls use different statistical methods to predict results and outcomes.

Are you excited to learn BSc (Hons) Mathematics at top universities in Rajasthan to become that smart guy wherever you go? Manipal University, Jaipur, can be your perfect platform to learn mathematics and statistics for desired skills.

How to Get Admission in Manipal University Jaipur?

Students looking to pursue BSc (Hons) Mathematics at MUJ must have passed 10+2 or IB or A Level with science and/or computer science subjects, with a minimum of 50% aggregate marks.

Admissions are made based on marks obtained in the qualifying examination.

Note: Admissions for psychology are done based on marks obtained in the qualifying examination and a personal interview (PI).

It's time to make the right decision, explore Manipal University, Jaipur, and apply for a degree in mathematics and statistics for a career full of perks and growth.