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Statistical Information in a Professional Setting

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Discuss the types of statistical information collected in your professional setting. Provide examples to illustrate the information/data.

- The advantages of accurate interpretation of statistical information
- How this information is used to improve decision making in your organization

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This solution discusses statistics in a professional setting.

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I think that one of the best examples would be to look at hospital room wait times.

What information could be collected? How long a person waits in the emergency room? What they can do is record the time that the person enters the ER, and the record the time that it takes for them to see a doctor.

Accurate interpretation: In this case, we would have perhaps hundreds of figures collected from people waiting in the ER. It is important to make sure you interpret the data properly. Which measure of central tendency would be best to use to see the average ...

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