Question: write a peer response to this statement. Statistical analysis is the examination of numbers in data and determining their meaning or identifying a meaningful pattern

write a peer response to this statement. Statistical analysis is the examination of numbers in data and determining their meaning or identifying a meaningful pattern in the data. This helps us make sense of data, identify real-life patterns that matter, and share meaningful results from a study. The importance of statistical analysis goes far beyond data processing; it is the cornerstone in giving vital insights required for strategic decision-making, especially in the dynamic area of presenting new items to the market (Timonera, 2024). Statistical analysis is important because it removes personal bias and replaces it with numbers and valid data. Overall, it is important to help us find answers through research studies. When using statistical analysis in research, make a plan, collect data, and organize the data. Organizing the collected data helps to find answers to the research question. Once the data is organized, you would then analyze the results and report the findings. In research studies, statistical analysis helps turn data into an answer to a research question and helps prove the answer. Reference Timonera, K. (2024, February 23). What is statistical analysis? Ultimate guide. Datamation. https://www.datamation.com/big-data/statistical-data-analysis/

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