Scatter Diagram Each week, you will give examples of how you've used statistics in your daily life for the week. The examples should be different from the previous week. Give two examples of how you

Statistics in Daily Life

Jennifer Bacuylima

St. Thomas University

Statistics in Daily Life

This week, I applied statistics in two everyday situations: keeping track of my groceries and my observations about energy consumption in my house. First, while mapping out my food shopping, I apply the statistical dose to monitor the varying prices within the current week's budget. For commonly bought items like fruits, vegetables, milk, other staples, and other household items, I compile the prices of these items in various stores (Fuentes et al., 2019). Each of these prices is compared periodically, and the averages of every item are calculated based on seasonal variations. For instance, if I find out that average prices for some fruits increase during winter, I will change the timetable for purchasing them and buy them in other seasons. Also, I keep records of how much I spend on food in a week and take means to forecast future spending habits so as to balance the budget as well. Second, I applied statistics to assess energy wastage in my home. Every month, I get an electricity and gas consumption bill where I can see the amount consumed by me. To accomplish this, I analyze bills for multiple months I've inhabited my house, assess average energy kW/h, and juxtapose them with seasons (Iyengar et al., 2016). This also helps me recognize patterns, like using more energy in summer because everyone uses the air conditioner more often. Thanks to these patterns, I can turn small knobs that would allow me to save energy, which is using energy-efficient appliances or a thermostat. It is to this end that I am able to calculate these averages and identify particular trends, which will allow me to make informed decisions when it comes to power conservation and cost cutting. Both examples show how statistics help me to become more effective in financial and energy decisions to control resources better.

References

Fuentes, C., Porcheron, M., Fischer, J. E., Costanza, E., Malilk, O., & Ramchurn, S. D. (2019, May). Tracking the consumption of home essentials. In Proceedings of the 2019 CHI Conference on Human Factors in Computing Systems (pp. 1-13).

Iyengar, S., Lee, S., Irwin, D., & Shenoy, P. (2016, November). Analyzing energy usage on a city-scale using utility smart meters. In Proceedings of the 3rd ACM International Conference on Systems for Energy-Efficient Built Environments (pp. 51-60).