Analyzing Data
- plot the data in an appropriate format. …
- evaluate the pattern by examining the plot and assessing whether there is a strong or weak effect. …
- perform the appropriate statistical analysis to answer the question of interest. …
- interpret your results in light of step 3 and especially step 2, above.
Data analysis and interpretation is the process of assigning meaning to the collected information and determining the conclusions, significance, and implications of the findings. … The standard deviation, in conjunction with the mean, provides a better understanding of the data.
A simple example of Data analysis is whenever we take any decision in our day-to-day life is by thinking about what happened last time or what will happen by choosing that particular decision. This is nothing but analyzing our past or future and making decisions based on it.
