In: Statistics and Probability
Answer to the question)
Use of healthcare statistics:
1. every field runs on numbers. It is important to keep the data of diseased people, death rates, birth rates, incident rates and so on
2. they all keep you updated and you know what is the present or what was the past situation
3. it lets you know if the healthcare industry is healful in reducing incident rates and death rates.
4. Then there are experiments in which dosages, treatment and illness all are studied in detail over a period of time.
5. Had it not been these set of statistics how would one know what you need to work on, what are the areas of concern, and what is the aim of healthcare industry
6. Yes there are a wide range of statistics used in Healthcare industry, and each of them plays a pivotal role inanalyzing the data better.
7. There are ratios and rates: that tell you the speed of recovery, or the pace at which death is taking place or disease is psreading, and it serves as a check point to take correct decision at the right timee
8. There are statistics like: correlation and regression that tell you about what all factors count in the research. it helps you decide what to focus on and what factors can be ignored
9. Time series and forecasting is again an indispensable tool to let you predict about the health issues of future and what can be expected for different types of diseases, birth rates and death rates
10. There are tools like hypothesis testing that is a vary powerful tool to conduct researches and reach important conclusions
Thus overall we find statistics to play an indispensable role in understanding the healthcare industry and making it work for the betterment of the society