give 5 problems/situations that can be solved using statistics
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situations that can be solved using statistics
give 5 problems/situations that can be solved using statistics
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Answer:
1. Market research: Companies often use statistical methods to analyze consumer data and make informed business decisions, such as developing new products, launching advertising campaigns, or pricing strategies.
2. Medical research: Medical researchers use statistics to analyze data from clinical trials and studies to determine the effectiveness and safety of new treatments.
3. Quality control: Statistical process control is used to monitor the production of goods and services, ensuring that they meet quality standards and specifications.
4. Sports analysis: Sports teams and analysts use statistical models to evaluate player performance and team strategies, such as predicting game outcomes and identifying player strengths and weaknesses.
5. Public policy: Governments and policymakers use statistics to make informed decisions on a range of issues, such as determining the allocation of resources, developing social programs, and assessing the effectiveness of policies.
Answer:
Here are five common problems when using statistics.
Problem 1. Extracting meaning out of little difference. ...
Problem 2. Using small sample sizes. ...
Problem 3. Showing meaningless percentages on graphs. ...
Problem 4. Poor survey design. ...
Problem 5. Scaling and axis manipulation.
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