Understanding Statistical Jargons and Data Exploratory Methods

In “Contact”movie Judie foster says thatmathematics is the universal language, numerical analysis is Statistics. There a number of SPC or SQC software available if not MSEXCEL but to utilize them to max or comfortably requires some basic understanding.The following is a summary of situations which we come around commonly in pharmaceutical industry.Generally, we face one amongst the following twosituations1.We have a lot of data; requirement will be makingvalid inferences out of it.2. Interpreting the data analysis made by othersthrough charts or numbers.Descriptive statistics /SummaryStatistics/Basic statisticsThe above three are synonyms of the same activityi.e. making sense of large data sets. Typically, Mean Standard deviation, rangeand confidence intervals (Central tendency and variance).