The text said that \"Statistics is the science of collecting, organizing, presen

Question

The text said that "Statistics is the science of collecting, organizing, presenting, analyzing, and interpreting data to assist in making more effective decisions.: Apparently those who designed your college curriculum have decided that this class was worthwhile to include in your development as a university student/future business professional. Looking back on the statistics class, the methods presented, homework problems, concepts discussed: how do you see yourself using some of these techniques to improve your problem solving procedures, or to improve your presentation of information in a classroom or in a business setting? Can you see using some of the techniques you have learned? Which of these techniques lo you consider useful and perhaps worth trying in your next written or oral presentation? Please explain. _____

Explanation / Answer

while all the steps of the statistics are important , we can give emphasis to interpreting the results of the statistical analysis. Interpretation is the key concept here , becuase interpreting or concluding wrong results from the analysis can defeat the entire purpose of conducting the statisitcal analysis. Also , proper interpretation ensures that the findings are substantiated by the data and there is sufficient evidence to conclude a given finding.

It gives us more confidence in communicating the results, however wrong interpretation of the statistical results may lead us to communicate wrong findings. Hence interpreting results is quite important .

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