statistical-analysis

Vocabulary Word

Definition

'Statistical-analysis' is a way to understand information by using math. It's like using a set of tools to make sense of data, like how a survey tells us what people think or feel.

Examples in Different Contexts

For healthcare, statistical analysis plays a critical role in analyzing clinical trial data to determine the effectiveness of treatments. A healthcare analyst might explain, 'Statistical analysis allows us to draw reliable conclusions about treatment outcomes, guiding medical recommendations and policy decisions.'

Practice Scenarios

Academics

Scenario:

To enhance the validity of our research findings, we need to be meticulous with data

Response:

By applying statistical analysis to our data, we can present solid evidence to support our research findings.

Business

Scenario:

Our latest customer satisfaction survey shows mixed feedback. Let's drill down the data to understand where we stand.

Response:

Let's conduct a rigorous statistical analysis of the survey data to gather deeper insights about customer satisfaction.