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Statistics Training: Frequently Asked Questions

What is statistics?

Statistics is the study of data collection, organisation, analysis, interpretation, and presentation. It involves methods and techniques for summarising and drawing meaningful insights from data. Statistics plays a crucial role in various fields, including science, business, economics, social sciences, and more.

Where are statistics used in business?

Statistics are widely used in business for various purposes, such as market research, performance analysis, quality control, and decision-making. Businesses use statistics to identify trends, make forecasts, measure customer satisfaction, and assess the impact of different strategies. It is an essential tool for data-driven decision-making and gaining a competitive edge.

Understanding statistics is crucial for many data-related roles, including those that work in data science and data analysis. Learning the fundamentals of statistics can provide a strong foundation for those that work with Excel, R and Python, and help them to progress in their career.

Who should learn statistics?

Statistics is a valuable skill for a wide range of professionals. Anyone who deals with data or needs to make informed decisions based on data can benefit from learning statistics. This includes data analysts, business professionals, researchers, economists, scientists, engineers, and students pursuing careers in various fields. Statistically literate individuals are better equipped to understand, analyse, and interpret data effectively.

Which roles use statistics?

Several roles and professions rely heavily on statistics, including but not limited to:

Data Analysts: They use statistics to extract insights from data sets.

Marketing: They use statistical techniques to analyse consumer behaviour and market trends.

Quality Control: They use statistics to ensure product and process quality.

Business Analyst: They use statistics to support decision-making and strategy development.

Healthcare Professionals: Medical researchers and healthcare administrators use statistics for data-driven healthcare decisions.