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Statistics

Statistics is a discipline which is concerned with:

 

  • designing experiments and other data collection

  • summarizing information to aid understanding

  • drawing conclusions from data, and

  • estimating the present or predicting the future

 

In making predictions, Statistics uses the companion subject of Probability, which models chance mathematically and enables calculations of chance in complicated cases.

 

Today, statistics has become an important tool in the work of many academic disciplines such as medicine, psychology, education, sociology, engineering and physics, just to name a few. Statistics is also important in many aspects of society such as business, industry and government. Because of the increasing use of statistics in so many areas of our lives, it has become very desirable to understand and practice statistical thinking. 

 

Contact Us to learn more about our statistical modeling capabilities and how we can put them to work for your business.