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Difference between revisions of "Statistical Analysis"

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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:
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*Manufacturers use statistics to weave quality into beautiful fabrics, to bring lift to the airline industry and to help guitarists make beautiful music.
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*Researchers keep children healthy by using statistics to analyze data from the production of viral vaccines, which ensures consistency and safety.
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*Communication companies use statistics to optimize network resources, improve service and reduce customer churn by gaining greater insight into subscriber requirements.
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*Government agencies around the world rely on statistics for a clear understanding of their countries, their businesses and their people.<ref>Definition - What Does Statistical Analysis Mean? [https://www.sas.com/en_us/insights/analytics/statistical-analysis.html SAS]</ref>

Revision as of 15:51, 15 July 2019

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]
  1. Definition - What Does Statistical Analysis Mean? SAS