The Role of Mathematics & Statistics in Everyday Life

We do maths every day, from budgeting for household expenses to preparing a budget for a project. So, if you hate maths, you should not because a basic understanding of mathematics and statistics is necessary for every person on earth.

This blog is an encouraging passage for people who love numbers and statistics and want a fruitful career in maths and statistics. We will explore the everyday role of mathematics and statistics in our lives and why Manipal University, Jaipur, is the ultimate option for a degree in Mathematics.

Mathematical equations and statistical models help to analyse and predict trends and events. Here are instances where we use statistics in our daily lives:

Weather forecasting: Computer models based on mathematical formulas predict future weather patterns. Many news channels use AI-enabled bots for weather news.
Natural calamity prediction: Statistical models help predict cyclones, earthquakes, and other disasters using historical data.
Research analysis: Researchers use statistics to aggregate and analyse data efficiently.
Insurance risk assessment: Actuaries and underwriters use statistical models to decide insurance approvals.
Financial investments: Platforms like Groww and Zerodha use data and graphs to help investors make decisions. Traders rely on statistical models for market analysis.
Medical research: Scientists use statistical comparisons with past data to validate experiments.
Quality control in manufacturing: Statistical concepts streamline quality testing for mass production.
Sociological and medical trends: Experts use statistical references to predict trends and diseases.
Exit polls: Statistics predict election outcomes based on campaign data and responses.
Internet fundamentals: The World Wide Web is built on mathematical and statistical principles.

Manipal University, Jaipur, among the best universities in Rajasthan, offers real-world experience of statistics and maths in our lives through experiential activities.

Maths in Our Lives

Managing Money

Maths teaches us money management, including saving, investment, and budgeting. Concepts like interest, compound interest, and basic calculations are vital. From choosing a bank account to buying a home, school-time maths proves useful throughout life.

Sports

Trigonometry and geometry improve sports skills — from hitting a ball to making a basket. Sports commentators often use statistics to explain trends and records.

Home Renovation and Construction

Measurements are key in construction. Maths knowledge helps you supervise and communicate better with workers. Understanding shapes and space planning ensures better outcomes.

Shopping, Cooking, and Regular Chores

From calculating discounts to measuring ingredients, we use maths in everyday tasks like cooking, paying bills, or shopping.

Therefore, mathematics and statistics are part and parcel of our lives. Learning BSc Mathematics (Hons) from the best universities of Rajasthan, like Manipal University, Jaipur, equips you with industry-ready skills and offers excellent placement opportunities.

Top Career Options after a Degree in Mathematics and Statistics

There are multiple careers to explore with a degree in mathematics. Here are some of the top jobs in demand today. Pursuing advanced studies can help you specialize further:

Data Scientist
Statistician
Actuary
Data Analyst
Operations Research Analyst
Computational Scientist

BSc Mathematics (Hons) at Manipal University, Jaipur

Manipal University, Jaipur, offers BSc and MSc Mathematics programs that foster analytical, critical, and application-oriented skills through comprehensive training in statistical and mathematical tools. The curriculum is regularly updated to include cutting-edge processes, ensuring a solid foundation in core concepts.

The Department of Mathematics and Statistics provides world-class education and promotes research in core and allied areas of mathematics. The faculty is highly qualified and committed to excellence in teaching and research.

Key Features of BSc Mathematics (Hons) at Manipal University, Jaipur

CBCS and OBE model, research exposure at UG and PG levels, experienced and learned faculty members, advanced and comprehensive course curriculum, flexibility and diversity in electives, focus on innovation and research, classes for JAM, NET, GATE and other competitive examinations with an exceptional track record of placements at MUJ.