Statistical Analysis
the science of collecting, exploring and presenting large amounts of data to discover underlying patterns and trends. Statistics are applied every day – in research, industry and government – to become more scientific about decisions that need to be made. For example:
- Manufacturers use statistics to weave quality into beautiful fabrics, to bring lift to the airline industry and to help guitarists make beautiful music.
- Researchers keep children healthy by using statistics to analyze data from the production of viral vaccines, which ensures consistency and safety.
- Communication companies use statistics to optimize network resources, improve service and reduce customer churn by gaining greater insight into subscriber requirements.
- Government agencies around the world rely on statistics for a clear understanding of their countries, their businesses and their people.[1]