Statistical thinking
Statistical thinking is a tool for process analysis of phenomena in relatively simple terms, while also providing a level of uncertainty surrounding it. It is worth nothing that "statistical thinking" is not the same as "quantitative literacy", although there is overlap in interpreting numbers and data visualizations.
Statistical thinking relates processes and statistics, and is based on the following principles:
- All work occurs in a system of interconnected processes.
- Variation exists in all processes
- Understanding and reducing variation are keys to success.
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