For instance: • In the pharmaceutical industry. It is impossible to test every drug for every person that may require it. So the industry needs a statistician. • In business ...
Filetype Power Point PPTX | Posted on 29 Aug 2022 | 2 years ago
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...For instance in the pharmaceutical industry it is impossible to test every drug person that may require so needs a statistician business managers must often decide whom offer their company s products such as credit card asses how risky potential customer an individual who lose weight his upcoming new film he see data of successful diet average loss on various diets across weeks based these numbers which should she addopt two types statistics descriptive utilize numerical and graphical method look patterns set summarize information revealed present convenient form individuals can use make decisions main goal describe class include both measures e g mean median or displays charts graphs inferential sample estimates predictions other generalizations about larger at example table what informations provided by most significance process furthermore not stable week shows steady decline one educated decision suitable her personal goals conslusion population mostly uses hypethesis testing key d...