25362
Chemical
- Jan 5, 2003
- 4,826
Are statistics indeed invaluable as evidence in support of conclusions ?
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Sure, when used correctly, with the correct assumptions and caveats.Are statistics indeed invaluable as evidence in support of conclusions ?
Not necessarily. It depends on the overall statistics. What is the variance of the historical values? A sigma of 3 would put the new datapoint well within the statistical distribution of the historical data. Until you can collect sufficient data to show that there is a "new" average around 3, you really can't make any conclusions.For example, if a plant safety audit shows a yearly average of 10 dangerous occurrences (I refrain from using the word accidents to eliminate its connotation of chance), would a drop in that number to three be statistically significant ?