Discuss how you obtain statistical data, how statistical knowledge is used in day-to-day operations and how you apply it or use it in decision making.

Application of statistics in health

I obtain statistical data from a variety of sources including research publications, academic journals, and online databases. Statistical knowledge is used in day-to-day operations to monitor trends and measure progress over time. For example, I use it to track customer satisfaction scores or analyze financial performance metrics such as net income or return on investment (ROI). Additionally, I apply this knowledge when making decisions by taking into account any resulting consequences before proceeding with an action. For instance, if we are deciding whether or not to invest in a new project I will consider potential risks and rewards based on past performance metrics while also researching the market for industry-specific insights that could inform our decision making process. Ultimately, wether the goal is understanding what worked in the past or forecasting future results – statistical analysis provides key insights for smart decision making within any organization.