# Uses of statistical information - Research Paper Example

Summary
Statistics is a science of obtaining, organizing, summarizing, analyzing and making inferences about the data. In short, statistics is about all aspects of dealing with data.There are very many fields that use statistics in their everyday activities and its use is as important as the fields themselves…

## Extract of sample "Uses of statistical information"

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## CHECK THESE SAMPLES OF Uses of statistical information

### Statistical Foundations

...not actually come into a point of in-depth analysis and interpretation of data which can only be employed in inferential statistics. The use of graphs and other related method was central to Sullivan’s generation of conclusion. These were his main tools used to quantitatively define information that could be relevant to his objectives. Furthermore, the use of tables was his clear representation of quantitative information that could back up his hypothesis. In short, all of Sullivan’s statistical tools used in analysing data and information were entirely anchored to a purely descriptive...
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### Uses of statistical information

...?Running Head: STATISTICS Uses of Statistics Statistics is widely used in most of the companies. In workplaces, statistics playsa major role in helping the organization to manage data. San Francisco General Hospital is one of the famous hospitals in the city. The hospital provides world class facilities and includes state of the art medical equipments. The daily reports and patient report information is stored in a unique manner. Information collection, storage and retrieval are considered as one of the important aspects of hospital maintenance. Apart from all this, information...
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### Uses of Statistical information

...?How are statistics used in your workplace? The company I represent is a Market Research firm specializing in data collection, analysis and interpretation services for clients. Being a research firm, it is naturally very vital to have complete command over the use of statistics and the company uses different forms of statistics across various research projects. Marketing research is not only limited to research in a specific market but it also involves research into the development and promotion new products, deciding upon various modes of distribution, market segmentation and other related information such as ad tracking...
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### Statistical Survey

...to supplement factual knowledge about the relevant statistics concerning a market segment of a company (Fowler, 22). Entertainment consumer survey is an example of marketing survey. Since survey entails the studying of a large population, it is not economically logical and professionally rational to obtain information from every individual member of the society. Therefore, survey exercise involves the obtaining of a representative sample from the entire population with the required variables to be considered. These facts on survey concerning the population sample present the question, “What is the appropriate or optimal sample size in a survey that will provide valid and reliable results?” This makes...
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### Information technology statistical analysis

...Running Head: STATISTICAL ANALYSIS Statistical Analysis [The [The of the Statistical Analysis A perfectjob needs to have no element that may become a pain at work. Undoubtedly the first such element that clicks to one's mind is "The Boss". Adding to this living pain is "The Routine" - be it in doing the same work everyday, watching the same people everyday, coming to the same place everyday, or working in the same environment everyday. Sample: The present sample of 288 respondents were between the ages of under 21 to over 50 years, were working in Human Resources, Information Technology and Administration departments. Data Source by using...
3 Pages(750 words)Essay

### Statistical Problem

...Topic:  Statistical Problem A new product has the following profit projections and associated probabilities. Profit probability \$150,000 0.10 \$100,000 0.25 \$50,000 0.20 0 0.15 -\$50,000 0.20 -\$100,000 0.10 a. Use the expected value approach to decide whether to market the new product. Expected Value = (\$150000 * 0.10) + (\$100000 * 0.25) + (\$50000 * 0.20) + (\$0 * 0.15) + (-\$50000 * 0.20) + (-\$100000 * 0.10) = \$30,000. b. Because of the high dollar values involved, especially the possibility of a \$100,000 loss, the marketing vice president has expressed some concern about the...
2 Pages(500 words)Speech or Presentation

### Statistical

...EBS101: Statistical Methods Assignment Sheet 2 For set A, a linear regression line of Y against X2 needs to be plotted. The regression line, alongwith the plotted data-points, is as follows- The linear regression line passes through all points, and the value of the correlation coefficient is 1 (that is, perfect correlation). Thus, it is concluded that there is a perfect linear association between the given data sets. For set B, a linear regression line of Y against X needs to be plotted. The regression line, along with the plotted data-points, is as follows- The linear regression line lies close to most points, and (2.4, 2.6) is an anomaly. The value of the correlation coefficient is 0.96, which represents a fairly strong positive... ....
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### Strategic uses of information technology

...﻿ Strategic uses of information technology Abstract The use of information technology can enable a business to gain competitive edge in the market. The success of the business will depend on the IT strategy which is used to improve internal processes and communicate with the global world. IT allows the automation of most of the business processes hence reducing the costs and widening the market share. Strategic uses of information technology Introduction Effective information technology strategy should aim at increasing the customer service. The strategy should achieve greater...
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### Statistical Test

...Statistical Test This section was used to perform preliminary statistical test on the data that were collected from who patronize the school cafeteria on their desire to be served with specific soft drinks and how they would be able to determine that the specific drink they demanded was what they were served with. The data were collected based on the hypothesis that the only way to determine the true brand of a product is through taste and not just by looking at the appearance of the product. The assertion was made against the backdrop that there could be imitation of packaging. This section shall therefore deal with the organization, summarization, display, consideration and above all...
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### Uses Cases

...to input the required amount of money. All this information falls under the withdrawal use case. That is, the Bankcard ID, PIN (Personal Identification Number), account type and amount, which is then sent to the Bank as a requested transaction. The Bank then replies with a go-ahead or not reply. Upon successful approval the customer’s money is made available by the dispenser. The ATM then ejects the card and Prints a receipt. It is essential to indicate that this use case is based on the assumption that a user makes a direct and successful withdrawal. However, there are some alternative flows caused by conditions such as Wrong PIN, Invalid or Expired Card, Invalid Account type and Excess...
5 Pages(1250 words)Assignment