Keep your eyes and ears open as you read or listen to the ne

Keep your eyes and ears open as you read or listen to the news this week. Find/discover an example of statistics in the news to discuss the following statement that represents one of the objectives of statistics analysis: “Statistics helps us make decisions based on data analysis.” Briefly discuss how the news item or article meets this objective. Cite your references.

An important source for statistical information about Americans can be found at the US Census web site . I would like you to activate the link and search for topics that interest you!                   

Solution

Statistics is used in many problems of the company manufactures

for example if you need to see how many defects articles are in a batch you need to use probability for taking a sample and see how many defects articles are in the sample and you will decide if you take the batch or not

other example is in economics

A new statistical model that businesses can use to approximate an upper limit on the appropriate amount of marketing dollars they should invest in retaining their most important customers was presented today at a session of the 2015 Joint Statistical Meetings (JSM 2015) in Seattle.

Michael Braun, associate professor of marketing at Southern Methodist University\'s Cox School of Business, unveiled the new model in a presentation titled \"Transaction Attributes and Customer Valuation\" during a session focused on Big Data and customer analytics.

Statisticians have combined state-of-the-art analytical techniques from the academic and business worlds to tackle the Big Data challenges confronting astrophysicists and astronomers as they explore the mysteries of our universe, Lars K.S. Daldorff and Siavoush Mohammadi today told an audience at the 2015 Joint Statistical Meetings (JSM 2015) in Seattle.

These technical advances--called automatic explorative analysis of data--have the potential of greatly aiding these scientists as they seek to understand our universe, as well as researchers who work with Big Data in other fields, said Daldorff and Mohammadi while presenting a topic-contributed session titled \"Novel Application of Statistical Tools for Big Data Analyses of Solar Physics\" at JSM 2015.

A new statistical method for analyzing next-generation sequencing (NGS) data that helps researchers study the genome of various organisms such as human tumors and could help bring about personalized cancer treatments was presented today at a session of the 2015 Joint Statistical Meetings (JSM 2015) in Seattle.

Yuan Ji, director of the Program for Computational Genomics and Medicine Research Institute at NorthShore University HealthSystem and associate professor of biostatistics at The University of Chicago, described the new technique--called Bayesian feature allocation models--during a presentation titled \"Bayesian Models for Heterogeneity in Human Cancers.\"